Overview
- Glassnode data show roughly 1.6 billion XRP now sit on exchanges, a drop of about 57% since October and the lowest level since 2018.
- XRP edged to about $1.87 with volume picking up, yet repeated failures near $1.88 keep the $1.77–$2.00 trading range intact with $1.82–$1.83 as immediate support.
- U.S. spot XRP ETFs have been net accumulators with assets over $1 billion, shifting coins into custody and reducing sell‑side liquidity on order books.
- On‑chain signals are mixed as new addresses jump but daily active addresses decline and whales offload roughly 40 million XRP, tempering the supply‑squeeze narrative.
- Analysts flag conditional bullish setups such as a TD Sequential buy and a falling‑wedge pattern, but warn a break of $1.77 could open risk toward roughly $0.80 and that low exchange reserves have not reliably driven immediate rallies.