XRP's exchange supply is approaching 1.5 billion as demand for XRP ETFs intensifies, leading to significant outflows. Since November 2024, five major XRP ETFs have attracted over $1.14 billion in net inflows, resulting in the withdrawal of 750 million XRP from exchanges in recent weeks. Analysts warn that this imbalance between inflows and outflows could lead to a supply shock by early 2026, coinciding with significant upgrades to the XRP Ledger. Currently, XRP is trading at approximately $1.85.