Evernorth, the largest publicly traded XRP asset management firm, has highlighted a potential supply shock in the XRP market due to significant exchange outflows. In February, over 7 billion XRP exited exchanges, marking the largest monthly outflow since November 2025. This trend suggests a tightening supply as tokens are moved to cold wallets, reducing immediate trading availability and potentially increasing price sensitivity.The market is witnessing a shift towards long-term holding, with large holders accumulating an average of 11 million XRP daily. Additionally, the number of medium-sized wallet addresses has reached a record 1.1 million, indicating broader market absorption beyond just large investors. As XRP's price consolidates between $1.38 and $1.42, analysts suggest a potential breakout could lead to increased volatility, especially with Coinbase's upcoming TAS feature for XRP futures set to launch on May 1, 2026, enhancing institutional trading capabilities.

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