Key Highlights
- Major holders and institutional investors have removed 7 billion XRP tokens from trading platforms since late February 2025, reducing exchange inventory by 16%.
- During early April, significant wallet holders accumulated approximately 11 million XRP daily on average.
- The total number of addresses holding 1,000 to 100,000 XRP reached a record 1.1 million wallets.
- The token currently maintains trading levels above $1.430, facing immediate resistance at $1.4450 with potential moves toward $1.50.
- Industry leaders including Ripple’s CEO Brad Garlinghouse will gather at the XRP Las Vegas conference scheduled for April 30–May 1.
The quantity of XRP tokens available on centralized exchanges has experienced a significant contraction throughout the past 14 months, fueled by consistent withdrawals from major stakeholders. Blockchain analytics reveal that sellable inventory across 41 trading platforms has decreased by over 3 billion tokens since February 24, 2025, with approximately 16 billion XRP remaining on exchanges as of April 23.
This marks a 16% reduction in exchange-based holdings. Within just the past 24 hours, market participants removed roughly 3.33 million XRP — valued at approximately $4.69 million — from centralized platforms.
Evernorth Holdings, a research organization backed by Ripple, emphasized this movement in an April 23 statement on X. The company reported that 7 billion XRP had migrated away from exchanges as whale transaction flows shifted positive, suggesting an expanding cohort of long-term investors and diminishing sell-side pressure.
“Movement to exchanges typically signals selling intent, while off-exchange transfers generally indicate holding strategies,” Evernorth observed in their statement.
Analytical data from Evernorth indicated that major holders increased their positions by approximately 11 million XRP tokens daily on average during early April. Wallet addresses containing 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 resides at South Korea’s Upbit exchange, which maintains approximately 6.47 billion XRP. Binance, Bithumb, and Uphold control roughly 2.54 billion, 1.82 billion, and 1.64 billion tokens respectively.
Supply Dynamics Tighten Before Major Industry Gathering
This supply transformation unfolds as Ripple gears up for XRP Las Vegas, promoted as the globe’s premier XRP-focused conference. The gathering is set to take place April 30 through May 1 in Las Vegas, Nevada.
Ripple’s CEO Brad Garlinghouse, Senior Vice President Jack McDonald, and former Chief Technology Officer David Schwartz are confirmed presenters. Bitwise’s CEO Matt Hougan and Lexi Gunter from Franklin Templeton will also participate. XRPL validator Vet indicated the conference provides developers an opportunity to present initiatives and attract capital.
Evernorth Holdings is simultaneously advancing toward a Nasdaq public listing via a proposed combination with Armada Acquisition Corp II. The firm appointed Ripple’s Chief Legal Officer Stuart Alderoty to its board as part of this transition.
Technical Outlook: XRP Maintains Position Above $1.430
XRP is presently trading above the $1.430 level and its 100-hourly Simple Moving Average, after rebounding from a bottom near $1.410. The token has climbed past the 50% Fibonacci retracement point of the recent decline from $1.4625 down to $1.410.
Selling pressure has materialized near the $1.4450 resistance area. A decisive breakthrough above this threshold could establish pathways toward $1.4620, followed by potential targets at $1.480 and $1.50. An ascending channel pattern with support positioned at $1.430 has developed on the hourly timeframe.
Regarding downside scenarios, a breakdown beneath $1.420 might drive price action toward $1.40, with additional support zones located around $1.3750 and $1.3550.
As of April 23, daily XRP outflows from exchanges measured approximately 3.33 million tokens, while the long-term holder demographic continues its expansion.
