300 Million XRP Vanish from Exchanges — Bullish Setup for November?

• October exodus: Nearly 300 million tokens pulled from trading platforms, hitting 2024 lows.
• Broader trend: Multiple major venues report shrinking reserves, easing sell-side overhang.
• Seasonal tailwind: November historically XRP’s strongest month, with average gains near 88%.

Reserves Plunge Signals Holder Conviction

On-chain trackers flagged a sharp drawdown last month: exchange-held supplies shed close to 300 million units, settling at the leanest levels this year. The bleed spans the ecosystem, with platforms large and small logging consistent outflows.

Falling balances typically scream reduced liquidation risk—holders shuttling coins to private wallets for the long haul, a classic accumulation cue that often precedes price relief.

The shift lands amid October’s familiar sting. Over a dozen years, the month has closed red seven times, and 2025 fits the mold with a 7.13% slide. At press time, the token changes hands at $2.65, off a fraction in the last day.

Yet the timing smells strategic. November has long been the asset’s greenest stretch, posting median returns pushing 88%. With inventories thinning, participants look to be front-running a potential seasonal snapback to wipe out autumn damage.

Whales Pile In, Charts Coil for Breakout

Big-pocket moves bolster the case: dominant holders have stacked an extra $314 million in exposure recently. Technically, the price has chopped sideways for years, wedged between prior cycle peaks—a textbook re-accumulation coil, per one observer.

“This hush is the calm before the breakout. Once the pattern locks, the next leg up will be explosive,” the analyst noted.

Taken together—draining reserves, whale buying, and a favorable calendar—the setup tilts cautiously bullish as the page flips to November.