$XRP P Exchange Supply Hits Multi-Year Low*

Crypto analyst Diana (@InvestWithD) notes that XRP balances on centralized exchanges have dropped to multi-year lows, indicating a significant shift in holder behavior. Market participants are moving XRP to self-custody wallets, reducing immediate selling pressure.

*Key Points:*

$XRP exchange supply has declined, tightening liquid supply

- Fewer coins on exchanges means reduced sell pressure

- Long-term holders may be positioning for future market developments

- Some users counter that escrow unlocks and price action don't support a supply shortage narrative

*Market Implications:*

- Reduced supply on exchanges could lead to increased price stability

- Holder behavior suggests conviction in XRP's long-term potential

- Debate continues on the importance of on-chain metrics vs. market trends and supply dynamics.