XRP exchange balances have decreased by 45% in under 60 days, falling from 3.95 billion to 1.6 billion tokens, according to data from Glassnode. This significant reduction, with over 1 billion XRP tokens moving off exchanges in just three weeks, indicates a shift towards long-term holdings and increased institutional custody. Despite the substantial drop in exchange supply, XRP's price has remained stable, hovering around $2.05. The cryptocurrency is currently consolidating within a symmetrical triangle pattern. Analysts suggest that a breakout could occur if XRP moves above $2.12, potentially triggering a rally, while a decline below $2.00 might result in short-term price weakness.