XRP Whales Go Shopping as Exchange Supply Dries Up

Large XRP holders have been busy this week, scooping up 70 million tokens as the asset pushed back above the 1.11 dollar level. This heavy buying activity suggests that big investors are feeling confident about the current market direction.

At the same time, exchange reserves have dropped to a five month low on platforms like Binance. When exchange balances fall, it often signals that traders are moving their coins into private wallets for long term holding rather than planning to sell anytime soon.

Market watchers are keeping a close eye on these supply trends. With fewer tokens available on exchanges, even a modest increase in demand could lead to sharp price swings. Investors will be looking to see if this accumulation continues throughout the week.