XRP Price Rises Amid Increased ETF Inflows and Declining Exchange Supply

XRP's price has remained relatively flat in recent weeks, but analysis of exchange data suggests that the cryptocurrency may be on the verge of a significant rebound.

Data from CryptoQuant shows that over 7 billion XRP tokens have exited exchanges in February, resulting in the lowest level of exchange supply in years.

Meanwhile, spot XRP ETF inflows continue to rise, with $4.2 million added on Wednesday alone, bringing the cumulative total to $1.26 billion.