XRP Reserves Fall to 2.75 Billion as Demand Surges

XRP exchange reserves have dropped to 2.75 billion tokens as of March 28, 2026, reflecting heightened demand despite stagnant price action. This decline signals that investors are moving XRP off exchanges, potentially into cold storage, amid optimism for a price breakout. Data from CoinGecko highlights sustained accumulation trends.

Price Action Details

XRP is currently trading at $0.53, down 1.2% in the last 24 hours but up 3.5% over the past 7 days as of March 28, 2026. Over the past 30 days, the token has gained 8.7%, with key support at $0.50 and resistance at $0.58. Trading volume stands at $1.1 billion, 15% above the 30-day average, while market cap holds steady at $29.8 billion, per CoinMarketCap.

Driving Factors

The decline in exchange reserves to 2.75 billion XRP, as reported by U.Today, points to strong holder confidence despite muted price movement. On-chain data shows a 12% increase in wallet addresses holding over 10,000 XRP in the past month, suggesting whale accumulation. A significant transaction of 50 million XRP, worth $26.5 million, was recorded on March 27, 2026, per Whale Alert. Ripple’s ongoing legal clarity with the SEC also fuels optimism, as covered in Crypto News.

Broader Market Context

XRP’s performance contrasts with Bitcoin (BTC), which is up 2.3% at $68,000, and Ethereum (ETH), up 1.8% at $3,200, in the last 24 hours as of March 28, 2026. The altcoin sector shows mixed results, with DeFi total value locked (TVL) stable at $92 billion, according to DefiLlama. The Fear & Greed Index sits at 71 (Greed), indicating bullish sentiment. Analyst firm CryptoQuant notes XRP’s reserve drop could precede a rally if demand persists, as discussed in DeFi News.