Coinbase Data Signals XRP Supply Shock Ahead- Analyst Claims $5 XRP Soon 🚀
Ripple’s native cryptocurrency, XRP, is experiencing a substantial supply crisis, increasing the optimism among analysts for an imminent price surge. Recent data reveals a 90% drop in XRP supply on the Coinbase exchange over the past three months.
This supply constraint is coinciding with growing demand from the Ripple treasury, prompting analysts to project a potential rally for XRP, with some predicting prices reaching $5.
The implications of this supply dynamic are anticipated to have significant effects on XRP’s market performance in the near future.
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