A brand-new XRP spot ETF has taken to the skies with all the audacity of a peacock in a penguin parade, launched by 21Shares, a firm that manages more than $5 billion-though one suspects they’re merely counting their pennies while others count their XRP. This is now the fifth such ETF to waltz into the US market, and analysts, armed with spreadsheets and caffeine, say it could pour even more liquidity into the XRP pool. One might think they’re throwing confetti at a cryptocurrency carnival.
In the first eight days post-approval, issuers have already snapped up over 1% of XRP’s total circulating supply, creating a supply squeeze tighter than a corset at a Victorian ball. The market, it seems, is playing a game of musical chairs with a side of panic.
XRP Supply on Exchanges Drops 45%
The most dramatic shift? Exchanges have shed 45% of their XRP holdings in just 60 days, from 3.95 billion to 2.6 billion. Binance, once the belle of the blockchain ball, lost $640 million worth of XRP-the same amount ETF issuers gleefully hoarded. It’s as if the exchanges are hosting a fire sale, and the ETFs are the most enthusiastic shoppers.
40,000 New Wallets Hint Institutions Are Getting Ready
Over the weekend, 40,000 new XRP wallets sprouted like mushrooms after rain, likely orchestrated by custodians or institutions plotting their next move. These aren’t your average Joe’s scribbling notes on Reddit; they’re the corporate ninjas preparing for the Clarity Act of 2026, a law that promises to make XRP as clear as mud (or perhaps as clear as a mud pie).
Is 2017 About to Repeat?
The current market bears an uncanny resemblance to 2017, when XRP leapt from less than a cent to nearly $4 in 240 days. Back then, exchange supplies collapsed like a soufflé in a hurricane. Now, history is attempting to rhyme-though the rhythm is more “chaotic” than “melodic.” Alas, in the past 24 hours, XRP has tumbled over 7%, trading near $2. If it breaks $2.40, it might sprint toward $2.60. But if the sell-off continues, it may slink back to $1.83-a level that even a goldfish could remember.
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2025-12-01 07:48