XRP reserves on major exchanges such as Upbit, Bitstamp, and Binance have dropped sharply. Upbit saw a decline from 60-65 billion XRP to around 18 billion by June 16, indicating major shifts in token holdings.
Despite the significant reserve drop, XRP’s price has only slightly decreased, from approximately 2.00-3.25 USD to 2.16 USD, suggesting that traders may be moving tokens to self-custody wallets for longer-term investment.
The recent withdrawal trends raise questions about XRP’s liquidity and market volatility. If these tokens remain off exchanges, sudden price fluctuations may become more frequent, attracting further trader attention.
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