A sudden drop in XRP balances across major crypto exchanges has led to speculations about how this might affect the cryptocurrency’s price action. The movement was highlighted by analyst Vincent Van Code, who explained that the transfers are not simply a sign of long-term holders scooping up supply.
Instead, he pointed to the expanding influence of newly launched Spot XRP ETFs, which are now absorbing a significant share of market activity that once took place on retail platforms.
ETF Demand Is Pulling Liquidity Away From Exchanges
Van Code noted that billions of XRP leaving Binance, Upbit, and Kraken are largely flowing into ETF custodial wallets. This changes the way the market reacts to buying and selling pressure because retail exchanges now operate with thinner liquidity.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!