The amount of XRP held on centralized exchanges is declining at an accelerating pace, with current estimates placing the remaining balance at around 1.5 billion XRP. Some analysts say the shrinking on-exchange stock could affect liquidity and price discovery on major trading venues, and as the trend unfolds into 2026, market watchers weigh whether this trajectory points toward a potential supply shock and its implications for XRP’s market dynamics. If the trend persists, liquidity providers and investors will monitor how exchanges adapt and what reduced centralized supply could mean for XRP’s risk and volatility moving forward.

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