A new update reveals continued movement of XRP from exchanges, with major platforms experiencing net declines in held balances. Analysis shows substantial withdrawals from Upbit, Bithumb, and Binance, while Coinbase, Gemini, Kraken, and Bybit recorded notable inflows or rebounds in their exchange inventories. 15.81 billion XRP was the consolidated figure for total held across exchanges. This represents a significant drop of roughly 6.54 billion XRP (about 29.3%) since February. These outflows underscore the ongoing decline in XRP liquidity that has been visible in recent weeks. 📈 Key takeaways: 📉 Leading Exchanges See Mild Outflows; Upbit, Bithumb, and Binance show notable declines while Coinbase, Gemini, Kraken, and Bybit record inflows or rebounds in their inventories. Evernorth, a major institutional player, stands out as the most significant net holder over this period, accumulating XRP despite minimal outflows on November 29th. Concentrated Accumulation: Uneven outflow patterns suggest that the reduction in exchange liquidity is not uniform and may be driven by various factors including institutional accumulation, custodial relocations, and local market dynamics.