XRP Supply on Coinbase Drops 90%, Raises Price Speculation

The XRP supply on Coinbase has plunged by 90% over three months, sparking speculation about a price surge, although no official confirmation supports a $10 target.

This significant supply decrease could impact XRP liquidity and pricing dynamics, yet expert analysis and data do not endorse the prospect of a rapid price escalation to $10.

Coinbase’s XRP Supply Declines by 90%

The XRP supply on Coinbase has significantly decreased by 90% over three months. This drop has led to speculation about potential price movements, though no official confirmations have been given. Involved entities include Ripple Labs, Inc., responsible for XRP’s maintenance, and Coinbase, Inc., a major U.S. exchange. There have been no public remarks from either party’s top executives.

Community Response to XRP Scarcity on Coinbase

The declining XRP supply might create a localized scarcity on Coinbase. However, no formal economic or institutional changes currently support or indicate a definitively substantial price increase. Community discussions on platforms such as Reddit and Twitter exhibit mixed reactions. Many individuals are enthusiastic, but skepticism remains about XRP reaching $10 amid lacking tangible triggers.

Past Events Suggest Limited XRP Price Growth

Past events, including SEC-related halts and liquidity fluctuations, saw moderate price shifts without resulting in a dramatic rise. These incidents provide context, suggesting limited chances for a steep increase. Current market analytics predict XRP’s price to remain between $3 and $4.5. Market and regulatory conditions have yet to support the alleged potential for a “$10 XRP super squeeze.”

Brad Garlinghouse, CEO of Ripple, has not made any statements regarding the 90% drop in XRP supply or the $10 price prediction, as indicated by the absence of communications on social media platforms.

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