A coordinated boycott by XRP investors on Coinbase, triggered by regulatory and ethical concerns, is creating a significant supply crunch on the leading U.S. exchange. As of late March 2026, the altcoin's balance on Coinbase has plummeted to approximately 101.86 million XRP, with crypto advocate Diana reporting net outflows ranging from 20 million to 95 million XRP over a 30-day period. Some analysts claim the supply has plunged by almost 90% in just a few months.
The boycott is a direct response to two major issues: Coinbase's alleged blocking of the CLARITY Act by rejecting bill drafts, and leaked claims that Coinbase requested millions of dollars from Ripple Labs to list XRP back in 2019. This holder resistance is tightening liquidity on the exchange, and if the withdrawal trend persists, Coinbase could hold its lowest XRP reserve levels in years. Diana warns this trend could lead to a supply shock if buying pressure returns.
Concurrently, Ripple is positioning itself to tap into a colossal $12.5 trillion annual payments market. Following its $1 billion acquisition of GTreasury (now Ripple Treasury), the company gains access to a network of over 13,000 connected banks and 1,000+ corporate clients like Volvo and Subway. Market analyst X Finance Bull projects that if just 1% of this $12.5 trillion volume flows through the XRP Ledger (XRPL), it would generate about $125 billion in new annual transaction volume.
This potential is amplified by a tightening circulating supply. X Finance Bull notes that 769 million XRP tokens are locked in Exchange-Traded Funds (ETFs), which collectively manage $1.1 billion in assets across seven funds, further constricting available liquidity.
Amid these developments, price predictions for XRP vary widely. Don Digital Finance highlights Standard Chartered's prediction of $10.40 by 2027, while other models forecast $8 this year. Long-term projections are even more bullish, with some analysts, including the expert cited, targeting $28 this cycle and suggesting a path to $40+—a valuation that would imply a $2 trillion market cap and signal the start of real institutional adoption.
