- XRP saw 1.4M tokens leave exchanges in 24 hours and this event matches past supply shock signals.
- The chart shows exchange reserves falling sharply at the same moment ETF products are going live.
- Price action sits near a key range while a major supply drain develops across multiple exchanges.
XRP experienced a sudden withdrawal of 1.4M tokens worth more than $336M from centralized exchanges in a 24-hour period. The data was shared by Ripple Bull Winkle using a chart sourced from CryptoQuant. The chart presents XRP price action against exchange reserve levels across a period stretching from late 2024 to mid-2025.
Sharp Supply Drop During ETF Launch Window
The event occurs at the exact moment XRP ETF products are entering the market. The message states that supply is collapsing while these products go live. The chart shows a steep decline in exchange reserves represented by the blue line. The price line appears in black and moves at a higher level while the reserve line drops lower.
The reserve chart includes a notable vertical spike near mid-2025. After this point, reserves continue moving lower. The current drop aligns closely with that earlier zone. The analyst notes that this shift resembles the early stage of a supply shock event.
The graph’s left side begins near October 2024 with reserves trending downward before rising. Then several cycles of expansion and contraction appear. The latest contraction is the most abrupt since the spike shown near mid-2025. This decline creates a visible gap between the price curve and the supply curve.
Exchange Reserves Fall While Price Holds Range
The blue reserve line declines through early November 2025. The price line holds near the $0.82-$0.92 band. The message states this pattern requires no technical indicators to interpret. Instead, the focus is the volume of tokens rapidly leaving exchanges.
A supply drop of 1.4M XRP in 24 hours is shown as abnormal by the commentary. The note says this is not normal and signals a structural change. The price curve remains relatively stable while reserves fall sharply. This combination appears rare on the wider chart.
The reserve curve earlier moved with the price curve in several places. The current moment is different. Reserves collapse while price remains steady. This divergence forms one of the clearest patterns on the chart.
Context From Historical Reserve Movements
The chart records several reserve expansions from 2024 to 2025. However, none match the abrupt drop shown in the current reading. The reserve line reached higher peaks near mid-2025 before declining through late 2025. Now the line sits near its lower range.
The commentary claims this is how supply shocks begin. The message suggests that ETF timing and large withdrawals may influence future price movement. Because both events align so closely on the chart, one question forms for market watchers: does the 1.4M XRP outflow mark the start of a deeper supply shock?
