XRP Supply Dwindles While ETFs Go On A Buying Spree Before 2026

XRP is slowly entering one of the most important structural phases in its history. Price action has been mostly bearish and sentiment across the broader crypto market has been cautious, but on-chain data tells a very different story.  Data from Glassnode shows XRP balances on centralized exchanges falling to around 1.5 billion XRP, their lowest in over a year. This trend is unfolding alongside accumulation from newly launched XRP ETFs, creating conditions that could change the altcoin’s price dynamics heading into 2026. Related Reading: Bitcoin Forecasts For 2026 Range From $65K To $250K As Sentiment Hits ‘Extreme Fear’ XRP Exchange Balances Fall To Multi-Year Lows Data from Glassnode’s XRP balance on exchanges metric points to a clear and persistent downtrend in balances held on crypto exchanges throughout 2025. Earlier in the year, about 4 billion XRP sat on centralized platforms.  Since then, balances have steadily declined, with a particularly sharp drop visible in the