XRP Holders Dig in Despite Heavy Losses

XRP holders are bucking the trend and keeping their tokens off exchanges despite heavy losses, according to a report by Bitrue Research Institute.

The data shows that exchange balances have fallen across every measured period: 30, 60, 90, and 150 days. In fact, over the last 30 days, USD $1.85 billion in XRP left exchanges against USD $1.69 billion in inflows, resulting in a net outflow of USD $163.58 million.

The decline has reduced the amount of XRP available for sale on trading venues, but current price action suggests demand has not kept pace with this accumulation phase.