Analyst Sees XRP Rally Toward $5 As Exchange Holdings Drop 57% To 1.5B

XRP has erased its early‑year advance and is trading near $1.90, while an analyst highlights a sharp contraction in tokens held on centralized exchanges. On‑chain data shows balances falling from about 4 billion XRP in early 2025 to roughly 1.5 billion by late December, a 57% annual decline alongside more ETF inflows since November 2025. The analyst outlines bullish, base, and bearish scenarios in which future ETF demand and exchange supply levels could push XRP toward $4–$5 or leave it stuck closer to the $1.50–$2.00 range through 2026.