Key Takeaways
- Major XRP holders have removed approximately 7 billion tokens from trading platforms since February 2025, reducing exchange inventory by 16%.
- Accumulation data indicates wealthy investors were adding roughly 11 million XRP daily during early April.
- The number of addresses containing 1,000 to 100,000 XRP tokens reached a record 1.1 million wallets.
- XRP maintains trading levels above $1.430, facing immediate resistance at $1.4450 with potential movement toward $1.50.
- Industry attention turns to the XRP Las Vegas gathering (April 30–May 1), featuring Ripple’s leadership and major financial figures.
The quantity of XRP tokens available on digital asset exchanges has experienced a significant contraction throughout the previous 14 months, fueled by persistent withdrawal activity from major stakeholders. Blockchain analytics reveal that tradable supply across 41 different platforms has decreased by over 3 billion tokens since February 24, 2025, bringing the current exchange-held total to approximately 16 billion XRP as of April 23.
This figure marks a 16% reduction in tokens held on exchanges. Within just the past day, market participants withdrew close to 3.33 million XRP — valued at roughly $4.69 million — from trading venues.
Evernorth Holdings, a research organization supported by Ripple, emphasized this developing pattern in an April 23 social media update. The company reported that 7 billion XRP had migrated off exchanges as whale transaction flows reversed to positive territory, suggesting an expanding cohort of long-term investors and diminishing sell-side pressure.
“When market participants intend to liquidate positions, they typically transfer assets to an exchange. Conversely, when they plan to maintain holdings, they remove them from exchanges,” Evernorth stated in their commentary.
Analytical data from Evernorth demonstrated that substantial holders were accumulating approximately 11 million XRP tokens daily on average throughout early April. According to Santiment metrics shared by the research firm, wallet addresses holding between 1,000 and 100,000 XRP climbed to 1.1 million — establishing a new record high.
The largest concentration of exchange-held XRP remains at South Korea’s Upbit platform, which currently stores around 6.47 billion tokens. Following behind are Binance, Bithumb, and Uphold with approximately 2.54 billion, 1.82 billion, and 1.64 billion tokens respectively.
Token Scarcity Grows Before Major Industry Gathering
This supply transformation unfolds as Ripple gears up for XRP Las Vegas, marketed as the planet’s most significant XRP-focused conference. The gathering runs from April 30 through May 1 in Las Vegas, Nevada.
Ripple’s leadership team including CEO Brad Garlinghouse, Senior Vice President Jack McDonald, and former Chief Technology Officer David Schwartz have confirmed their attendance as speakers. Additional presenters include Bitwise’s CEO Matt Hougan and Lexi Gunter from Franklin Templeton. XRPL validator Vet characterized the event as an opportunity for developers to present initiatives and obtain capital.
Evernorth Holdings is simultaneously advancing toward a Nasdaq stock exchange listing via a proposed combination with Armada Acquisition Corp II. The organization appointed Ripple’s Chief Legal Officer Stuart Alderoty to its board of directors in connection with this transaction.
Technical Analysis: XRP Maintains Ground Above $1.430
XRP currently trades above the $1.430 threshold and its 100-hourly Simple Moving Average, after bouncing from a low point near $1.410. The token’s value climbed past the 50% Fibonacci retracement marker of the recent decline from $1.4625 down to $1.410.
Selling pressure has materialized around the $1.4450 resistance zone. A convincing breach above this level would likely create pathways toward $1.4620, followed by targets at $1.480 and $1.50. Technical charts reveal an ascending channel pattern with support anchored at $1.430 on the hourly timeframe.
Should downward pressure intensify, a breakdown beneath $1.420 could drive the price toward $1.40, with additional support zones located around $1.3750 and $1.3550.
As of April 23, daily XRP outflows from exchanges totaled approximately 3.33 million tokens, while the population of long-term holders continues its upward trajectory.
