XRP's momentum is regaining strength as its exchange reserves decline. According to CryptoQuant data, the amount of XRP left on supported exchanges has dropped to 2.74 billion as of April 10, marking a significant decrease from the previous day.
This development indicates that holders are transferring their XRP into private wallets, which is often a precursor to increased buying activities. The sudden decrease in exchange reserves can be a bullish signal for the price of XRP.