CandleFocus Analyst Says XRP Supply Shrinking, Predicts Next Big Move is ‘Only a Matter of Time’
2024-12-26
Author: Content Editor
Crypto analyst Steph has pointed out that the total supply of XRP is decreasing while demand for the token remains high. They suggest that this could lead to an explosive price movement in the future. However, while the chart they shared showed a declining pattern in XRP's supply, the actual figures reveal that only a small amount of tokens have been destroyed and removed from circulation. The supply of XRP on centralized exchanges has also remained relatively consistent. In contrast, other crypto assets like Bitcoin, Ethereum, and Shiba Inu are experiencing a significant decline in available supplies on exchanges. Despite the supply data, analysts continue to make bold predictions for XRP's price.
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