Millions of XRP Leave Trading Platforms as Price Rebounds

TLDR

• XRP reserves across Upbit, Binance, and Bithumb fell by about 240 million tokens since late May and early June.
• Combined XRP holdings on the three exchanges dropped from roughly 11.08 billion to 10.84 billion tokens.
• Upbit recorded the largest withdrawal volume, with about 110 million XRP leaving the exchange.
• Coinbase posted a seven-day net wallet count of minus 14,300, showing strong withdrawal activity.
• XRP briefly fell below $1 to around $0.97 before recovering to about $1.11 on Thursday.

XRP trades near $1 as exchange reserves fall across major platforms. The token recovered to $1.11 on Thursday after slipping below $1 this week. CryptoQuant data shows investors removed 240 million XRP from Upbit, Binance, and Bithumb since May and early June.

XRP Reserves Drop Across Three Major Exchanges

Upbit held 6.40 billion XRP on August 19, down from 6.51 billion on May 30. That marks a decline of 110 million tokens, or 1.7%. Upbit holds the largest XRP balance among the three exchanges.

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