Key Highlights
- Major investors and whales have moved 7 billion XRP tokens off trading platforms since February 2025, reducing exchange-held supply by 16%.
- Data indicates large wallet holders accumulated approximately 11 million XRP daily during the first weeks of April.
- Addresses containing between 1,000 and 100,000 XRP tokens reached a record 1.1 million wallets.
- XRP maintains price levels above $1.430, facing resistance near $1.4450 with potential rally targets at $1.50.
- Industry leaders including Ripple’s Brad Garlinghouse will convene at the XRP Las Vegas summit on April 30–May 1.
The amount of XRP available on centralized cryptocurrency trading platforms has experienced a significant contraction during the past 14 months, propelled by consistent withdrawals from institutional and whale-sized holders. Blockchain analytics reveal that sellable token inventory across 41 major exchanges has decreased by over 3 billion units since February 24, 2025, bringing the total exchange balance to approximately 16 billion XRP as of April 23.
This reduction translates to a 16% contraction in tokens held on trading venues. Within just the past day, market participants moved roughly 3.33 million XRP — valued at approximately $4.69 million — into self-custody wallets.
Evernorth Holdings, a research entity supported by Ripple, emphasized this pattern in an April 23 social media update. The organization reported that 7 billion XRP had been transferred off exchanges as whale-level transaction flows reversed to positive territory, suggesting an expanding cohort of long-term investors and diminishing sell-side pressure.
“Market participants typically transfer tokens to exchanges when preparing to sell. Conversely, moving assets off exchanges generally indicates an intent to hold,” Evernorth explained in their statement.
Analysis from Evernorth indicated that major holders increased their positions by roughly 11 million XRP tokens daily on average during early April. The count of addresses holding between 1,000 and 100,000 XRP climbed to 1.1 million — establishing a new record — based on Santiment metrics referenced by the research firm.
The largest concentration of exchange-held supply remains at South Korean platform Upbit, which currently stores approximately 6.47 billion XRP. Binance, Bithumb, and Uphold maintain holdings of roughly 2.54 billion, 1.82 billion, and 1.64 billion tokens respectively.
Token Availability Tightens Before Major Industry Gathering
This supply dynamic shift emerges as Ripple gears up for XRP Las Vegas, positioned as the premier global XRP-focused conference. The two-day gathering runs from April 30 through May 1 in Las Vegas, Nevada.
Ripple’s Chief Executive Brad Garlinghouse, Senior Vice President Jack McDonald, and former Chief Technology Officer David Schwartz headline the confirmed speaker roster. Bitwise’s CEO Matt Hougan and Lexi Gunter from Franklin Templeton will also present. XRPL validator Vet indicated the conference provides developers opportunities to showcase initiatives and attract investment capital.
Evernorth Holdings has also announced plans for a Nasdaq debut through a combination with Armada Acquisition Corp II. The firm appointed Ripple’s Chief Legal Officer Stuart Alderoty to its board in connection with this strategic move.
Technical Outlook: XRP Maintains Position Above $1.430
XRP currently trades above the $1.430 threshold and its 100-hourly Simple Moving Average, after bouncing from a bottom near $1.410. The token has reclaimed the 50% Fibonacci retracement marker of its recent decline from $1.4625 down to $1.410.
Selling pressure has emerged around the $1.4450 resistance area. A convincing breakout above this barrier could pave the way toward $1.4620, with subsequent targets at $1.480 and $1.50. Technical charts show an ascending channel pattern with baseline support at $1.430 on the hourly timeframe.
Should downward momentum gain traction, a breach below $1.420 may direct price action toward $1.40, with additional support zones identified around $1.3750 and $1.3550.
As of April 23, daily XRP net outflows from exchanges measured approximately 3.33 million tokens, while the population of long-term holders continues its upward trajectory.
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