Crypto analyst Ripple Bull Winkle, in a recent post, flagged a notable reduction in XRP held on centralized exchanges over the past two months. The data he referenced shows balances falling from approximately 3.95 billion tokens to about 2.6 billion tokens, representing a drop of more than 45 percent. He also pointed out that Binance’s XRP reserves are positioned near all-time lows, indicating a continued tightening in available supply. This contraction is presented as a critical factor in shaping near-term market behavior, particularly given the pace at which tokens have been leaving exchanges . XRP’s supply is disappearing from exchanges: 3.95B → 2.6B in 60 days. Binance reserves near all-time lows. Bull pennant forming, V-shape breakout lining up, ETFs stacking inflows. $2.80 becomes inevitable when supply evaporates. $XRP pic.twitter.com/lxbIl7kZxG — Ripple Bull Winkle | Crypto Researcher (@RipBullWinkle) November 29, 2025 Technical structure aligns with on-chain developments In addition to supply metrics, the analyst highlighted a developing technical formation he described as a bull pennant, supported by what he views as a V-shaped recovery structure on the chart. He linked this pattern to strengthening recovery momentum, noting that it coincides with ongoing accumulation by recently launched exchange-traded products . According to his assessment, the combination of diminishing exchange supply and consistent ETF inflows creates a framework in which a move toward $2.80 transitions from a speculative projection to a level that aligns with present market conditions. Responses from other market participants Market participants reacting to these observations echoed the same theme of supply reduction and steady absorption. Guoyu RWA stated that the combination of falling supply and shifting sentiment often precedes stronger activity, adding that Binance’s reduced reserves and ETF accumulation make the analyst’s $2.80 figure appear increasingly feasible. CryptoGames3D also noted that the supply squeeze is evident, arguing that the consistent drying up of exchange balances, combined with ETF buying, supports the plausibility of the analyst’s target. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Context for the broader outlook The core of the analyst’s position centers on the intersection of supply contraction and sustained institutional demand. Lower exchange reserves limit immediate sell-side liquidity, and if ETFs continue accumulating at their current rate, the amount of XRP accessible on major venues may continue to shrink. The technical setup is used to reinforce this broader argument, suggesting that market structure is aligning with the underlying supply-demand trend. Taken together, the observations presented by Ripple Bull Winkle emphasize that reduced exchange balances, historically low reserves on major platforms, and ongoing ETF inflows form a consistent narrative of tightening supply . Within this framework, the analyst views the $2.80 level as increasingly justified by current market data rather than aspirational forecasting, making the progression of exchange balances and institutional accumulation key metrics to monitor in the days ahead. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Swift Rally to $2.80 Becomes Inevitable Once This Happens appeared first on Times Tabloid .
