Weak Demand Holds Back XRP Price Recovery Amid Supply Reduction
XRP wallet withdrawals have surpassed deposits on exchanges like Coinbase and Binance, leading to a decline in total wallets and reducing XRP supply.
This tightening of supply may seem positive for prices, but spot market demand remains weak, preventing a sustained price recovery.
Despite this, there are some signs of optimism. Whale accumulation and steady derivatives activity suggest that investors remain cautious, but not bearish.