XRP Exchange Reserve Drops to 2.75 Billion Amid Intensified Buying Activity

The latest data from CryptoQuant reveals that the amount of XRP available on exchanges has decreased significantly. As of March 28, there are 2.75 billion XRP sitting on exchanges, down from over 2.8 billion recorded earlier in the week.

This decline in exchange reserve is a bullish sign for XRP's potential price move. When investors transfer tokens into private wallets, it typically indicates increased buying activity and can propel the price of the cryptocurrency upward.

Despite this positive trend, institutional demand remains stagnant. According to daily ETF flows, funds have continued to record little to no new institutional capital, with consistent withdrawals from investors.