Crypto analyst Ripple Bull Winkle recently highlighted a significant decrease in XRP held on centralized exchanges over the past two months, signaling potentially imminent price movement. Data indicates a dramatic drop from approximately 3.95 billion tokens to around 2.6 billion tokens – representing a staggering 45% decline. He also observed that Binance’s XRP reserves are at record lows, further suggesting limited supply availability. These factors, coupled with increasing institutional interest and growing ETF accumulation, point towards a crucial shift in market behavior. Winkle argues that the combination of shrinking exchange balances and consistent ETF inflows will inevitably drive XRP prices toward $2.80. 3.95 billion to 2.6 Billion tokens = 45% decrease in just 60 days! Binance reserves near all-time lows. This supply tightening is directly impacting market activity, leading to a potential bull pennant and V-shaped breakout formation, further bolstering this bullish outlook. Winkle believes that the price of XRP ($2.80) could become inevitable once this trend continues. He also presented a technical analysis, pointing out a developing bull pennant pattern alongside a V-shaped recovery structure on the chart. This aligns with increasing demand from recently launched exchange-traded products. The analyst emphasizes that supply reduction and consistent ETF inflows create a framework where $2.80 is no longer just speculation, but a reflection of current market conditions. Other market participants echoed this sentiment, emphasizing the impact of reduced exchange balances and increased ETF buying on XRP’s price movement. Ripple Bull Winkle believes these factors are key indicators for the coming trend. For those who follow Ripple Bull Winkle’s analysis, his prediction holds significant weight in anticipating a potential surge in XRP prices. This comes with important caveats. It is crucial to remember that this article offers insights and should not be interpreted as financial advice. Readers are encouraged to conduct independent research before making any investment decisions.