XRP logs $34.9 million in exchange withdrawals, marking the year's sixth-largest daily outflow

CoinDesk reports that XRP has posted one of its biggest net exchange outflows of 2026 as the broader crypto market rebounds and demand for the token picks up. On-chain analytics firm Santiment said the latest spike in XRP leaving exchanges points to stronger buying activity among traders. Over the past day, about 34.9 million XRP moved off exchanges, ranking as the sixth-largest single-day outflow recorded so far this year. Market watchers see large withdrawals as a sign of tightening liquid supply. Evernorth previously highlighted a similar trend, noting that roughly 7 billion XRP were withdrawn in February. With outflows across exchanges still rising, demand appears to be starting to outpace available supply, raising the risk of a near-term supply squeeze. Data cited in the report also suggests comparable outflow surges have historically preceded bull runs and periods of sharp price recovery. The latest record-setting withdrawals have strengthened expectations that XRP could be setting up for a breakout. More tokens moving off exchanges is also viewed as a sign of improving investor confidence and easing sell pressure. If the trend holds, XRP could be positioned to snap the multi-month slide that began in October 2024.