The amount of XRP held on centralized exchanges has dropped sharply in recent days, creating a noticeable shift in the asset’s on-chain profile ahead of a major milestone for the cryptocurrency. Data shows that more than 149 million XRP, worth roughly $336 million, exited exchanges within a 24-hour window.

The movement comes at a time when market conditions are somewhat choppy , yet accumulation trends appear to be strengthening as investors are likely adjusting positions ahead of a potential new source of demand. This potential new source of demand is the possible launch of a Spot XRP ETF in the US this week.

Massive XRP Outflows From Crypto Exchanges

The latest exchange-reserve data captures a significant decline of millions of XRP on crypto exchanges in the past few

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