Based on on-chain data, Coinbase visible $XRP cold storage holdings have decreased significantly. The exchange's reserves dropped from approximately 970 million tokens held across 52 wallets in early June to 99 million XRP across 6 wallets by mid-September, representing a decline of nearly 90% over three months. This consolidation into fewer wallets also suggests a restructuring of the exchange's storage management.


This reduction in exchange-held supply occurs alongside growing institutional interest in XRP. Eight companies have now established XRP-based treasury strategies, and 11 spot XRP ETF applications from major asset managers are awaiting SEC approval. A new ETF from Rex-Osprey also launched this week. Analysts point to these factors, along with XRP utility in payments and settlements, as potentially contributing to a broader supply shock.


Amid market volatility, the XRP price has held a key support level. Trading volume and open interest remain high. Some market analysts suggest the price has broken through initial resistance, identifying $4.39 and $5.85 as potential next targets, with support levels positioned at $3.01 and $2.85.

#Ripple

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September 16, 2025 at 1:23 PM
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