XRP holders appear to be voting with their wallets — and Coinbase is feeling the squeeze.
Data shared by crypto advocate Diana on X shows a sharp drop in the amount of XRP held on Coinbase, with the exchange’s balance falling to roughly 101.86 million XRP as of late March 2026. Diana’s 30-day snapshots reportedly show net outflows ranging from about 20 million to 95 million XRP, suggesting many holders are pulling coins to self-custody or other venues rather than keeping them on the U.S.-based exchange.
What’s driving the exodus?
Community sentiment points to two controversial developments tied to Coinbase:
- A boycott over the so-called CLARITY Act: Diana and others say traders are withdrawing XRP in protest of Coinbase’s handling of bills related to the CLARITY Act, alleging the exchange rejected draft language in two separate instances.
- Old allegations resurfacing: Leaked claims that Coinbase requested millions of dollars from Ripple Labs in 2019 to list XRP have also re-ignited distrust among holders.
Both issues are being circulated widely across social channels and are being credited by some analysts with a near-90% drop in Coinbase-held XRP over recent months — though such figures vary by source and are attributed to on-chain observers.
Why this matters
When large amounts of a token leave an exchange, liquidity on that platform tightens. That can change price dynamics: if buying pressure returns while exchange supply remains thin, markets can experience a “supply shock” that amplifies upward price moves. Historically, substantial exchange outflows have preceded volatile price action for many altcoins, making the current trend a critical short-term indicator for XRP’s trajectory.
What analysts are saying about price potential
Market commentators and research houses remain optimistic but divided on XRP’s long-term upside. Don Digital Finance summarized a range of forecasts:
- Standard Chartered: $10.40 by 2027 (as cited by analysts).
- Shorter-term models: some predict around $8 this year.
- Bull-case scenarios: projections stretching to $40+ — which some say would mark a major institutional adoption milestone (a $40 XRP has been framed in discussions as implying a multi-trillion-dollar market cap).
- Ultra-bull cases: $100 is discussed as feasible only if crypto becomes a true global asset class.
Don Digital Finance suggested a practical range for this cycle is between $8 and $40, with a conservative bracket of $5–$15 and a target near $28.
Bottom line
XRP’s shrinking presence on Coinbase underscores how regulatory fights, perceived governance decisions, and historical allegations can quickly reshape investor behavior. Whether these outflows presage a supply-driven price surge or simply reflect short-term risk management will depend on whether the trend continues and how buying demand evolves. Given the market’s volatility and the range of forecasts, traders should weigh both on-chain signals and broader regulatory developments when sizing positions.
Read more AI-generated news on: undefined/news
