Exchange-held XRP supply declines compared with months earlier
New data show the amount of XRP held in custody on centralized exchanges has fallen noticeably compared with several months ago. The shift indicates on-chain funds are moving off exchanges into on-chain wallets or cold storage, reflecting a verifiable redistribution of on-chain liquidity. For XRP, lower exchange supply is a market microstructure signal tied to price elasticity and is closely related to sentiment, market-making depth, and short-term buy-and-sell pressure. The update does not cite any regulatory action, protocol upgrade, or ecosystem development, and focuses solely on changes in on-chain asset distribution.