XRP Suffers Sudden $336M Drop Ahead of Major ETF Launch

A significant 1.4 million XRP tokens, worth over $336 million, have exited centralized exchanges within a 24-hour period. This sudden supply drain coincides with the launch of several new XRP ETFs, raising questions about potential market implications. Analysis shows a sharp decline in exchange reserves as XRP price action holds steady near a key range. The chart reveals a distinct pattern, suggesting this influx of liquid XRP could be a sign of a larger supply shock.