#现货交易 XRP exchange balance drops to an 8-year low, this is quite interesting. Over 2 billion XRP tokens have been withdrawn from exchanges, and holders are transferring their coins to cold wallets. What does this indicate? Everyone is optimistic about it in the long term and not rushing to sell off.

But the real hot topic is spot ETFs. In just over two months, they have attracted $100 million, and institutional investors are quietly entering the market. Ripple itself is also taking action by re-locking 700 million XRP into custody accounts. The decreasing circulating supply combined with increasing institutional demand logically tends to push the price up.

However, I have to be honest—anything can change in the current market. ETF inflows might suddenly cool off, macro risks could strike at any time. Standard Chartered says $8 by the end of the year sounds nice, but the crypto market is like that—today’s consensus can change by tomorrow. Friends trading spot should still focus on fundamentals, but be mindful of risks and don’t get killed by the story of decreasing supply.