XRP withdrawals have significantly exceeded deposits on major platforms over the past week, causing a decline of approximately 13,026 wallets. Coinbase recorded the largest contraction with -8,900 wallets, followed by Binance at -2,626 and Crypto.com at -1,500. Binance’s balance has fallen to 2.6 billion XRP from above 3.1 billion, reducing the immediate supply of sellers. XRP was trading at $1.14 at press time, but steady open interest at $2.5 billion and neutral to mildly positive funding rates suggest cautious conviction rather than speculative excess. Until spot buying pressure strengthens, shrinking exchange supply alone will likely be insufficient to sustain a durable XRP recovery.
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