"XRP exchange balances tracked by Glassnode have dropped sharply, falling from 3.76 billion tokens in October 2025 to around 1.7 billion by February 2026. That represents roughly 55% reduction in four months. Coins are moving off exchanges at scale, and when liquid supply shrinks this much, there's less inventory available for panic selling. Still, a drop this size on tracked exchanges suggests long-term holders are accumulating-an XRP bottom formation signal worth watching."
"Binance funding rates recently fell to -0.028%, the lowest level since April 2025. When funding goes this negative, it means the selling side is crowded, and almost everyone is already short. Historically, crowded shorts have marked turning points. Similar funding conditions in April 2025 preceded a rapid rebound from $1.60 to $3.65 by July, marking an 82% rally as shorts were squeezed out."
XRP exchange balances tracked by Glassnode fell from 3.76 billion tokens in October 2025 to about 1.7 billion by February 2026, a roughly 55% reduction that removes liquid supply and reduces inventory available for panic selling. Glassnode tracks roughly 10 verified exchanges and wallets while broader platforms may hold 14–16 billion XRP, so the supply-shock narrative could be overstated. XRP ETF inflows remained steady during a roughly 60% crash, indicating institutional accumulation though flows can reverse under worsening macro conditions. Binance funding rates dropped to -0.028%, signaling crowded shorts; similar funding extremes in April 2025 preceded an 82% rally.
Read at 24/7 Wall St.
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