XRP's move above $1.16 this week reflects a changing supply dynamic, with large holders sending fewer coins to exchanges while US-listed exchange-traded funds continue drawing new capital. Reduced exchange-bound supply typically signals lower selling pressure, as fewer tokens are positioned for immediate sale. The recovery follows several weeks of consolidation near $1, a period marked by weaker prices and limited spot demand that prevented XRP from establishing a sustained uptrend. The combination of whale accumulation and steady ETF inflows, reported at roughly $285 million over a recent streak, has helped shift market sentiment. Together, these factors suggest institutional and large-scale investors are building exposure rather than distributing holdings. Whether the momentum holds will depend on continued ETF demand and broader market conditions, but the current supply picture points to firmer support than during the earlier consolidation phase.
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