XRP available for immediate sale on exchanges is getting thinner. Data cited in the report shows Binance’s XRP scarcity index has climbed to 0.75, its highest level since July 2024. The metric rises as exchange balances fall, pointing to fewer tokens being deposited or more coins being withdrawn. On Binance, the pool of XRP ready for instant selling is still trending lower.
Price action has not followed that supply signal yet. XRP is trading around $1.39, down 2% over the last 24 hours, while still moving sideways. In crypto markets, shrinking exchange balances are often read as a sign that holders prefer storage over active trading. So far, though, the reduced availability of XRP has not produced a major upward move.
Whale wallets moved 1.1 billion XRP over seven days
Market analysis shared by Ali Charts says large investors moved 1.1 billion XRP during the past week. The activity suggests whale wallets remain engaged even during a period of limited short-term volatility. The report does not pin down the exact purpose of those transfers, but it lists several possibilities: movements between exchanges, wallet reshuffling, or direct sales.
The article also says Evernorth Holdings, which was established with Ripple’s backing, withdrew a significant amount of XRP from exchanges. At the same time, whale flows have turned positive again. Since April, large investors have been buying an average of 11 million XRP per day. Lower exchange supply and continuing large-holder accumulation now sit side by side in the XRP market structure.
Futures open interest eases after earlier peaks
Derivatives data points to a cooler leverage backdrop. After earlier highs, open interest has moved into a stabilization phase, according to the report. Binance’s 30-day open interest Z-score indicates that extreme leverage pressure has eased, leaving trading conditions less stretched than before. A drop in open interest also lowers, for now, the risk of broad liquidations during sharp price swings.
CoinGlass data shows total XRP futures open positions briefly increased at a rate of 0.5% per hour to $2.51 billion, then fell by more than 3% over 24 hours. That pattern suggests traders are still cautious and have not fully returned to aggressive leveraged positioning.
Bitwise sets out long-term XRP targets
The report says XRP’s next moves will be shaped by declining exchange supply, ongoing whale transfers, and broader market balance. Asset manager Bitwise published a bullish projection, estimating XRP could reach $6.53 by the end of 2024 and $29.32 by 2030. Bitwise ties that outlook to XRP’s expanding use in tokenization, cross-border payments, and institutional adoption.