XRP Exchange Reserves Fall $336M Ahead of Spot ETF Debut
On-chain data show XRP exchange reserves plunged by 149.16 million XRP (about $336 million) within 24 hours, reducing total reserves to roughly $6.82 billion as of November 11. Such significant XRP exchange reserves outflows signal whale accumulation as holders transfer tokens to private wallets ahead of the first spot XRP ETF debut on November 13. Amid a broader crypto market correction, institutional anticipation for regulated spot ETF access is driving demand. The shrinking supply on exchanges may trigger a supply squeeze, spur price volatility in the short term, and, upon ETF approval, attract fresh institutional capital for a sustained bullish outlook.
Bullish
The sharp decline in XRP exchange reserves indicates significant accumulation by large holders ahead of the spot ETF launch, tightening available supply on exchanges. In the near term, this liquidity squeeze may trigger heightened price volatility and potential upward spikes as traders adjust positions. Looking ahead, the debut of a regulated spot XRP ETF could open the door to substantial institutional inflows, bolstering market depth and sustaining a bullish trend for XRP.