Data: XRP reserves on a certain exchange have fallen to a historic low, with institutional demand driving a wave of withdrawals

ChainCatcher news, according to on-chain data from CryptoQuant, since October, the XRP reserves on a certain exchange have continued to decline, currently dropping to about 2.7 billion, one of the lowest levels in the platform's history. Since October 6, approximately 300 million XRP have flowed out from this exchange.

This trend is generally seen as a positive signal, indicating the formation of real demand, as investors withdraw XRP to private wallets for long-term holding. When assets are withdrawn from exchanges on a large scale, it often reflects a long-term holding intention.

If this trend continues, XRP may enter a more structured phase, with institutional interest continuing to expand. Analysts believe that this supply and demand dynamic could drive XRP prices higher.