Evernorth advierte de una crisis de suministro de XRP tras la salida de miles de millones de XRP de las plataformas de intercambio.

La preocupación por el suministro de XRP volvió a cobrar relevancia después de que Evernorth destacara la salida de miles de millones de tokens de las plataformas de intercambio de criptomonedas, mientras que los grandes poseedores continuaban acumulándolos. Esta tendencia podría reducir la cantidad de XRP disponible para operar, lo que podría aumentar la sensibilidad del precio si la demanda se fortalece. Sin embargo, la salida de tokens de las plataformas de intercambio por sí sola no garantiza una crisis de suministro inmediata ni un repunte sostenido.

Evernorth destaca una posible crisis de suministro de XRP

Evernorth ha llamado la atención sobre un cambio significativo en la dinámica del mercado de XRP: es posible que haya menos tokens disponibles en los exchanges centralizados, mientras que ciertos grupos de inversores continúan aumentando sus tenencias.

En una actualización publicada el 22 de abril de 2026, la empresa de tesorería especializada en XRP destacó una importante salida de tokens de las plataformas de negociación. Según los datos citados por Evernorth, aproximadamente 7 mil millones de XRP abandonaron las plataformas de intercambio en febrero, lo que representa la mayor salida mensual desde noviembre de 2025.

Este hecho resulta notable porque se produjo durante un período de considerable debilidad en el mercado de XRP. En lugar de simplemente seguir la tendencia de precios predominante, algunos inversores parecían estar retirando sus activos de las plataformas de intercambio y posicionándose para una inversión a largo plazo.

Evernorth identificó dos desarrollos simultáneos:

La cantidad de XRP disponible para la venta en las plataformas de intercambio había disminuido.

El número de inversores que mostraban un comportamiento de inversión a largo plazo iba en aumento.

En conjunto, estas tendencias podrían crear las condiciones para una posible crisis de oferta si la demanda del mercado comienza a recuperarse.

Evernorth es particularmente relevante para este debate, ya que su negocio se centra en la acumulación y gestión de XRP como activo de tesorería. La empresa completó su fusión en octubre de 2026 y cotiza en Nasdaq bajo el símbolo XRPN, según consta en su documentación presentada ante la SEC.

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Sin embargo, el argumento de la crisis de oferta depende de algo más que la cantidad de tokens que salen de las plataformas de intercambio. Los inversores también deben considerar adónde van esos tokens, si siguen estando disponibles a través de otros canales y cuánta demanda existe para absorber la oferta restante.

Más de 7 mil millones de XRP abandonan las plataformas de intercambio de criptomonedas.

La cifra más llamativa del análisis de Evernorth es la salida de capitales de 7 mil millones de XRP registrada durante febrero de 2026.

Según datos de CryptoQuant, destacados en informes anteriores, el total ascendió a aproximadamente 7.030 millones de XRP. Este fue uno de los mayores movimientos mensuales de XRP fuera de las plataformas de negociación centralizadas durante ese período.

Binance accounted for the largest portion of the withdrawals, with approximately 3.38 billion XRP leaving its exchange wallets. Bybit recorded around 770 million XRP in outflows, while OKX saw approximately 395 million XRP move away from its platform.

These figures suggest that the movement was not limited to one exchange. Several major trading venues experienced substantial XRP withdrawals during the same month.

The distribution matters because centralized exchanges play an important role in providing immediate liquidity. Their wallets hold assets that customers can use for spot trading, while large changes in exchange balances can influence the amount of cryptocurrency readily accessible to buyers and sellers.

When investors transfer XRP away from exchanges, those tokens may move into private wallets, cold storage or other custody arrangements. Such movements can indicate that holders have less immediate interest in selling through centralized platforms.

Nevertheless, withdrawals should not automatically be interpreted as permanent reductions in selling pressure. Investors can transfer tokens between wallets, use alternative trading venues or return assets to exchanges whenever market conditions change.

The 7.03 billion XRP figure therefore represents an important flow signal rather than proof that the same amount has permanently disappeared from the market's available supply.

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Why Falling Exchange Balances Matter for XRP

Exchange balances are closely watched because they provide an indication of how much cryptocurrency is held within trading platforms.

When investors transfer assets to exchanges, those tokens become easier to sell through the platforms' trading systems. Large inflows can therefore indicate potential selling pressure, particularly when they occur alongside weakening prices or deteriorating market sentiment.

The opposite movement can have a different interpretation.

When substantial amounts of XRP leave exchanges, the immediately accessible supply may become smaller. If investors continue holding those tokens in private wallets rather than returning them to trading platforms, fewer coins may be available to meet sudden increases in buying demand.

This creates the conditions for a possible supply shock.

A simplified example illustrates the mechanism. If buyers suddenly seek to purchase a large amount of XRP while fewer tokens are available in exchange order books, sellers may demand higher prices before agreeing to sell. This could accelerate upward price movements, especially when liquidity is limited.

However, exchange balances represent only one part of the broader XRP market. Tokens held outside centralized exchanges are not necessarily unavailable for sale, and over-the-counter transactions can take place without immediately appearing in conventional exchange-flow indicators.

For this reason, the significance of Evernorth's observation depends on whether declining exchange availability continues alongside genuine accumulation and stronger market demand.

Retail Wallet Growth Adds Another Layer to the Supply Argument

Exchange withdrawals are not the only development supporting Evernorth's assessment. Wallet distribution data also points to growing participation among investors holding meaningful amounts of XRP.

According to Santiment data reported in April 2026, the number of wallets holding between 1,000 and 100,000 XRP reached approximately 1.1 million, a historical high at the time.

This group had added more than 77,000 wallets since October 2025. Its combined XRP holdings also increased from approximately 10.04 billion to 10.56 billion tokens, representing an accumulation of roughly 520 million XRP.

The increase is particularly interesting because it occurred while XRP was experiencing substantial price weakness.

Rather than indicating that every investor was becoming more optimistic, the data suggests that participation among this particular wallet category continued expanding despite unfavorable market conditions.

This distinction matters. A growing holder base, combined with significant exchange outflows, could indicate that a larger portion of XRP is moving toward investors who are less focused on immediate trading.

Whether this accumulation can translate into a meaningful reduction in available supply remains an important question for the next stage of the market.

Whale Accumulation Reveals a More Complicated Market Picture

Although retail wallet growth supports the supply-tightening argument, large XRP holders are not behaving uniformly.

According to the data highlighted in Evernorth's analysis, wallets holding between 100,000 and 10 million XRP reduced their combined positions by more than 3 billion tokens between October 2025 and April 2026.

In contrast, the largest whale group, holding between 10 million and 100 million XRP, accumulated more than 3.4 billion XRP over the same period.

This divergence suggests that XRP ownership is undergoing a redistribution rather than a straightforward accumulation trend across all investor categories.

The behavior of the largest holders is particularly important because their transactions can influence market liquidity. If these investors continue accumulating and keep their tokens outside exchanges, the amount of XRP immediately available for sale could become more constrained.

However, the selling activity among mid-sized holders shows that confidence is not universal. Some investors may still be reducing exposure, potentially offsetting part of the buying pressure from larger wallets.

For the supply-shock argument to strengthen, sustained accumulation among major holders would need to continue alongside declining exchange availability.

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Why the XRP Supply Shock Argument Faces Some Challenges

Despite the encouraging signals, the reported exchange outflows should be interpreted carefully.

One concern raised by XRP community validator Vet is that CryptoQuant's exchange-balance tracking may not cover every relevant trading platform and wallet address. Incomplete exchange labeling can create an inaccurate picture of total XRP reserves.

Vet also challenged the interpretation that only a very small amount of XRP remains on exchanges, arguing that aggregate balances across trading platforms are substantially higher than some reports suggest.

This distinction is important because monthly outflows and total exchange balances measure different things. A large withdrawal during one month does not necessarily mean that the overall amount of XRP held by exchanges has fallen by the same amount.

Transfers between exchange wallets, internal wallet reorganizations and movements to newly identified addresses can also complicate on-chain analysis.

Consequently, Evernorth's observations provide evidence of changing investor behavior, but they do not independently establish that a market-wide supply shortage has developed.

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What Could Trigger an XRP Supply Shock?

A genuine XRP supply shock would require more than continued withdrawals. It would likely involve several market conditions developing together.

Three indicators deserve particular attention.

1. Continued declines in exchange reserves

   If XRP balances fall consistently across major exchanges, rather than reflecting isolated wallet transfers, the argument for reduced immediately available supply becomes stronger. Consistent data across multiple analytics providers would also improve confidence in the trend.

2. Stronger spot market demand

   Reduced available supply becomes more significant when buyers are actively competing for tokens. Rising spot trading volume, improving liquidity and sustained net buying would help demonstrate that demand is absorbing the available XRP.

3. Continued accumulation by large holders

   If wallets holding substantial XRP balances continue increasing their positions, while exchange reserves decline, the market could become more sensitive to additional buying pressure.

Institutional participation could also influence this dynamic. However, treasury purchases, investment products and actual XRP network usage should be evaluated separately rather than treated as identical sources of demand.

The combination of these indicators would provide stronger evidence of a developing supply shock than exchange withdrawals alone.

XRP Price Outlook: Could Tightening Supply Support a Rally?

Evernorth's analysis presents a potentially constructive longer-term picture for XRP. Billions of tokens reportedly left exchanges in February, retail wallet participation increased, and some of the largest holders continued accumulating despite unfavorable price conditions.

Si estas tendencias persisten, XRP podría volverse más sensible a una mayor demanda de compra. Una liquidez relativamente limitada disponible de inmediato podría amplificar las fluctuaciones de precios cuando mejore el sentimiento del mercado.

Sin embargo, no se garantiza una crisis de oferta. Una demanda institucional débil, la continua venta por parte de los poseedores actuales, una debilidad generalizada del mercado de criptomonedas o la reactivación de los depósitos en las plataformas de intercambio podrían socavar el escenario alcista.

Los inversores también deben distinguir entre la reducción de la liquidez en las plataformas de intercambio y la reducción de la oferta circulante. Los XRP transferidos a monederos privados siguen formando parte de la oferta circulante y pueden volver al mercado en cualquier momento.

La conclusión principal es que Evernorth ha identificado un cambio potencialmente importante en la propiedad de XRP y los flujos de intercambio, pero no ha confirmado una ruptura de precios inminente. Que esto se convierta en una verdadera crisis de oferta dependerá de la persistencia de las salidas de capital, el comportamiento de los grandes poseedores y, sobre todo, de si la nueva demanda es lo suficientemente fuerte como para absorber los tokens disponibles.