- SonofaRichard says the XRP chart is misleading, arguing the real story is the hidden “plumbing” happening off-book.
- Over 1B XRP has left exchanges in three weeks, with market makers widening spreads.
- He warns that XRP’s thin liquidity could trigger an abrupt repricing.
A prominent crypto commentator, known online as SonofaRichard, says the real story behind XRP’s current market setup has nothing to do with the price chart. According to him, traders are focused on candles and patterns while overlooking the deeper structural shift happening beneath the surface.
In a detailed analysis shared on social media, the pundit argued that the chart has become a distraction from the “plumbing” of the XRP ecosystem, the hidden mechanics that determine liquidity, supply availability, and institutional accumulation.
XRP Supply Rapidly Drains From Exchanges
The analyst highlighted that more than one billion XRP has been removed from exchanges within three weeks. This sharp decline in exchange balances has pushed holdings below a key price-band threshold for the first time in the asset’s history.
He added that market makers have begun widening their spreads due to increasingly thin shelves, a sign that liquidity is tightening and counterparties are taking fewer risks. At the same time, new futures rails are going live just as the available supply disappears.
Also Read: Egrag Crypto Says XRP Bifrost Bridge Pattern Still Intact – Here’s What Comes Next
Everyone keeps staring at the XRP chart…
but the chart isn’t the story anymore.
The story is the plumbing.
We just watched:
• 1B XRP pulled off exchanges in three weeks
• Exchange balances fall below the price band for the first time ever
• Market makers widen spreads…
— SonOfaRichard (@heythereRich) December 10, 2025
While retail traders continue debating whether XRP can break above two dollars, institutional desks are quietly accumulating the asset off-book, the commentator claimed. This divergence, he suggested, is creating a misleading perception of stagnation when underlying conditions are shifting dramatically.
Ripple’s Calm Demeanor Seen as a Major Clue
One of the more striking points raised was the consistent composure of Ripple’s leadership. According to SonofaRichard, their calmness is not accidental.
He argues that much of Ripple’s escrow has already been allocated, meaning the company is no longer sitting on the massive reserves that many market participants believe still hang over the market.
If Ripple’s remaining supply is minimal, he asks, then the critical question becomes: who holds the bulk of XRP now, and where is that supply located? The implications, he suggested, are “the real tell” behind the current environment.
Liquidity Collapse May Trigger a Sharp Repricing
The commentator warned that when an asset’s liquidity disappears ahead of demand, the outcome is not a gradual price rise but an abrupt repricing. According to him, XRP’s next available sellers are “miles above the last trade,” meaning the order books are far thinner than retail investors realize.
He concluded that the future direction for XRP will not be found in chart patterns or candle formations. Instead, traders should be watching the order books, which he claims are increasingly empty, a condition that historically precedes sharp volatility.
Also Read: Analyst: XRP Making Pretty Solid Moves Across the Board, Here Are Key Levels to Watch
