XRP Supply Drop Sparks Potential Price Rally: Analysis of Binance Reserves and Institutional Inflows

Recent drops in XRP reserves held on Binance are sparking speculation about potential price movements in the cryptocurrency market. A $640 million decrease in these reserves has raised concerns about supply tightening, leading some analysts to predict a price rally. Key factors driving this prediction include substantial institutional ETF inflows exceeding $600 million and historical patterns suggesting XRP rallies following similar events like those seen during Bitcoin and Ethereum ETF launches. Experts believe that reduced exchange liquidity caused by these reserve changes will likely drive increased demand for XRP, leading to potential market shifts.