What 25,000 New Wallets Mean for the $2 Level

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XRP is trading near the $2 level, but something bigger than daily price movement is happening behind the scenes. Data from the XRP Ledger shows a sharp rise in the number of wallets holding XRP, suggesting many holders are choosing to move tokens off exchanges and keep them in private custody.

XRP Supply Quietly Moves Off Exchanges

Over the past few days, XRP has been leaving public exchanges at a pace not seen in several years. When tokens move off exchanges, they are usually less likely to be sold quickly. This does not guarantee higher prices, but…



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What 25,000 New Wallets Mean for the $2 Level


XRP is trading near the $2 level, but something bigger than daily price movement is happening behind the scenes. Data from the XRP Ledger shows a sharp rise in the number of wallets holding XRP, suggesting many holders are choosing to move tokens off exchanges and keep them in private custody.

XRP Supply Quietly Moves Off Exchanges

Over the past few days, XRP has been leaving public exchanges at a pace not seen in several years. When tokens move off exchanges, they are usually less likely to be sold quickly. This does not guarantee higher prices, but…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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