Over the past year, Binance saw XRP reserves fall about 45%, dropping from $10.16 billion to $5.55 billion as large sums moved into private wallets. According to Web3Niels, the transfers suggest fewer holders plan to sell soon.
On-chain analysis from Glassnode shows a holder structure similar to early 2022, when prices fell from $0.78 to under $0.30. (Ed. note: that prior structure preceded a multi-month downturn.)
Since mid‑2025, repeated tests of the roughly $2 zone produced about $500 million to $1.2 billion in weekly realized losses. XRP peaked above $2.40 in January, slipped under $2 to $1.84, then recovered near $1.90, falling over 11% in seven days per CoinGecko’s data.
Analyst Steph Is Crypto wrote “$XRP price weakness is happening on declining volume — just like 2021–2022.” Another analyst, Egrag Crypto, called the tight price action a compression and wrote “This is not noise. This is structure tightening.”
