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XRP is reportedly showing signs of tightening supply, with exchange balances falling to levels not seen in years. Despite this shift, the cryptocurrency’s price remains stuck below $2, highlighting an unusual disconnect between shrinking availability, slow demand, and weak price performance.
XRP Exchanges Balances Crashes To New Lows
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The supply of XRP on crypto exchanges has dropped to an eight-year low, yet the token continues to trade below $2. According to Glassnode data, XRP supply held on exchanges has fallen to 1.6 million tokens. This marks a roughly 57% decline from the 3.76 billion XRP recorded on October 8, 2025, representing the lowest level since 2018.
From a basic economic standpoint,
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