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Ripple’s XRP Supply Shrinks Fast: Could $10 Be Next This Cycle?


Ripple’s XRP Supply Shrinks Fast: Could $10 Be Next This Cycle?

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Ripple’s XRP token is once again drawing attention. Large amounts of the token are leaving major exchanges, including Upbit and Binance. The last time this happened on Upbit in late 2024, the asset’s price rose sharply. Now, similar outflows are being seen, raising questions about what might come next.

XRP Supply on Upbit Is Falling Again

In November 2024, XRP reserves on Upbit dropped from 6.6 billion to under 6 billion. During that time, the token surged from $0.5 to $3.29, according to analyst CW. This drop in available supply was followed by a strong rally.

Read the article at CryptoPotato

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