{"content":"XRP might be heading for a supply shock due to several factors ¹: - *Decreasing Supply*: Every XRP transfer burns a small amount of coins (0.00001 XRP), steadily reducing the total supply. According to CryptoQuant, Binance's XRP stash dropped from 2.94 billion coins to 2.86 billion in just a few months, with 82 million XRP gone. - *Coins Leaving Exchanges*: More people are storing XRP in private wallets, reducing available supply. Binance lost 183 million XRP to quiet withdrawals since January. - *XRP ETF Approval*: There's a 90% chance of XRP ETF approval by 2025, which could lead to banks and big money managers rushing to grab XRP, further reducing available supply. Analysts predict that this supply shock could lead to a significant price surge. However, crypto expert Cheeky Crypto advises caution, noting that big moves take time and investors should only invest what they can afford to lose. *Current Market Status*: - Current Price: $2.21 (up 1.35% from previous close) - Market Cap: $126.91 billion - 52-Week High: Not available for direct comparison, but XRP once touched $3.38 Keep in mind that XRP's supply situation is somewhat disputed, with some arguing that the actual supply reduction is relatively small (13.27 million tokens burned out of 100 billion). Nevertheless, the potential supply shock and ETF approval could still impact XRP's price ².","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/03/19e51a1735104f1d857fe5f526025469.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}