The first five days of January alone saw roughly 800 million XRP leave exchanges, and on March 10 a single-day outflow of $738 million worth of XRP moved into cold storage—one of the largest withdrawal events of 2026. Retail traders don't move such volume off exchanges for no reason. Cold storage transfers of that size typically come from institutions or large holders repositioning for the long term.At their peak in October 2025, centralized exchanges held roughly 3.76 billion XRP according to Glassnode dat ...