Recently, changes in the supply structure of Ripple (XRP) have emerged as a new focus of market interest. According to on-chain data, the spread between whale investors and retail investors on the global exchange Binance dropped to 88.3%, recording its lowest level in two years. The market interprets this not as a simple numerical change, but as a fundamental shift in the XRP circulation structure within the exchange.

A particularly noteworthy aspect is the continuous downward trend in exchange supply. Generally, when investors move their coins to private wallets outside of exchanges, it creates an effect of reducing the volume immediately available for sale on the market. Analysts suggest that if retail investors' propensity to hold strengthens and the inflow of funds to exchanges decreases, it could lead to a 'supply shock' causing a future supply-demand imbalance.

Changes in the macro environment are also acting as a positive variable for the cryptocurrency market. Recently, as the conflict between the United States and Iran entered a ceasefire phase, tensions in the global financial market have eased significantly. It is projected that if the international commodity market stabilizes and risk aversion decreases, it will have a positive impact on the entire virtual asset market, including Ripple.

However, there are also cautious views in the market. The current XRP price remains in a strong resistance zone, indicating that a decrease in supply alone cannot guarantee a price increase. For a meaningful trend reversal to occur, it is pointed out that an actual expansion in buying pressure must be confirmed.

Some analysts are evaluating the current market situation as a 'silent accumulation zone.' This means that while there is no noticeable short-term surge, a change in the composition of investor entities and a decrease in exchange-held supply are occurring simultaneously, preparing for the next bounce.

[※ The information provided in this article is intended to convey general virtual asset-related news and does not constitute investment solicitation or financial advice. Virtual assets are subject to high price volatility, and investors are responsible for any losses resulting from their investments. Please ensure careful consideration and seek expert advice before making investment decisions. This publication does not bear legal or financial responsibility for the information provided. This is an AI-assisted article.]