Ripple’s XRP Supply Shrinks Fast: Could $10 Be Next This Cycle?
Ripple’s XRP token is as soon as once more drawing consideration. Large quantities of the token are leaving main exchanges, together with Upbit and Binance. The final time this occurred on Upbit in late 2024, the asset’s worth rose sharply. Now, comparable outflows are being seen, elevating questions on what would possibly come subsequent.
XRP Supply on Upbit Is Falling Again
In November 2024, XRP reserves on Upbit dropped from 6.6 billion to underneath 6 billion. During that point, the token surged from $0.5 to $3.29, according to analyst CW. This drop in obtainable provide was adopted by a robust rally.
An analogous transfer seems to be taking place now. In early January 2026, XRP reserves on Upbit began falling once more. As that occurred, its worth climbed to round $2.3. Fewer tokens on the alternate typically recommend diminished promote strain, as extra customers transfer their holdings to personal wallets.
However, the present drop isn’t as sharp because the one seen in 2024, however the sample is acquainted. Traders are watching to see if historical past will repeat.
In addition, Upbit isn’t the one alternate seeing XRP withdrawals. Binance has additionally recorded a gentle drop in reserves. Since October 2025, greater than 300 million XRP have been pulled from the platform. Its reserves fell from over 3 billion to 2.68 billion.
While this was taking place, XRP’s worth dropped from over $3 to round $1.8. However, the chart exhibits a latest restoration, with the value now again above $2.
Market Levels and Analyst Views
As of press time, XRP is priced at round $2.10. It is down practically 6% within the final 24 hours however up greater than 16% over the previous week. The latest drop from $2.28 exhibits that this stage is appearing as resistance. Technical dealer CRYPTOWZRD said,
“An extra decline from XRPBTC remains to be attainable.”
They additionally famous a double high sample forming, which may result in extra draw back except consumers step in quickly.
Other analysts stay optimistic. Chartist Ali Martinez shared {that a} TD purchase sign is in progress, whereas Elliott Wave specialist XForceGlobal sees a bigger transfer forming. The analyst mentioned XRP would possibly already be within the early phases of a brand new uptrend, including:
“XRP already accomplished that five-wave decline.”
Speaking additional, he sees $5 as a practical goal and even talked about the opportunity of $10 to $20 throughout the present cycle. He did word {that a} dip to the $1.30–$1.50 vary may nonetheless occur.
Meanwhile, XRP’s efficiency in early 2026 has caught investor curiosity. It outpaced Bitcoin and Ethereum within the first week of the yr. CNBC called it the “hottest crypto commerce of the yr,” noting the shift in consideration towards XRP as merchants seek for alternate options.
US-listed spot XRP ETFs have continued to see regular inflows into January. These flows are seen as an indication of rising curiosity from bigger traders. Combined with the falling provide on exchanges, some merchants consider this might set the stage for additional beneficial properties — if key ranges like $2.28 are cleared.
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