<ul data-eligibleForWebStory="true"><li>Binance and Upbit have witnessed a significant outflow of $12.4 billion worth of XRP in the past week, accounting for approximately 10% of the total XRP in circulation.</li><li>South Korea's Upbit experienced the largest reduction in XRP reserves, losing nearly 5 billion tokens, while Binance saw a decrease in its XRP stash as well.</li><li>Analysts speculate that the substantial withdrawals may indicate a potential supply squeeze, with discussions surrounding users moving XRP off exchanges in anticipation of market shifts.</li><li>Despite a cooling off in short-term trading and a drop in trading volume, XRP's technical setup shows signs of recovery, with recent market activity driven by factors like the possibility of a court settlement and geopolitical tensions easing.</li></ul>

Binance and Major Exchanges See $12.4B XRP Outflow — Is a Supply Squeeze Next?

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