XRP outperforms majors in 2025 as supply on exchanges falls and price slips under $2

In 2025, XRP has seen its exchange balances decline from about 4 billion tokens to roughly 1.5 billion while ETFs linked to the asset recorded $1.14 billion in net inflows across five products. Even though XRP recently dropped below $2 and open interest on Binance fell to $453 million, it has only lost 12% for the year compared to larger drawdowns in other majors like Solana. With on-chain demand holding up and the Clarity Act scheduled for markup in early January, some traders view the latest price move as a reset rather than a structural breakdown heading into 2026.