Exchange Reserves

A deep-dive into how 506 million XRP absorbed by ETFs, Bitwise’s Bitwise 10 listing, and a >$1B slide in exchange reserves are reshaping supply dynamics and the path to price discovery. Practical scenarios for $2–$10 outcomes into 2026 for asset managers and retail investors.

The launch of 21Shares' XRP spot ETF catalyzed a fresh price leg and raised structural questions as Binance reserves fell to ~2.7B. This article breaks down market reaction, supply dynamics, technical scenarios, institutional implications, and the risks allocators should weigh.