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08/06/26 20:34 UTC-04

Number of XRP Tokens on Binance Falls to a Three-Month Low

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Exchanges Number of XRP Tokens on Binance Falls to a Three-Month Low
  • The supply of $XRP on the Binance crypto exchange has fallen to 2.7 billion tokens, a three-month low.
  • In the clear absence of bullish factors, this reduces potential selling pressure.
  • The supply of the $XRP token on Binance has dropped to a three-month low.

The $XRP reserve on Binance, the world’s largest cryptocurrency exchange by trading volume, fell to 2.7 billion tokens on June 7, compared with 2.77 billion $XRP on March 5, 2026. As a result, the supply of $XRP on Binance decreased by 66.05 million, reflecting a 2.38% decline over the period, according to CryptoQuant data analysed by Happy Coin News on June 8.


CryptoQuant data.

The largest decline in $XRP reserves occurred between May 12 and May 24, despite bearish sentiment towards the token. During the recent price drop to a low of $1.09, the supply on Binance continued to decline, seemingly signalling strong demand from investors.

Historically, when the net supply of this token on Binance falls, bullish sentiment around the altcoin tends to increase due to reduced selling pressure, and vice versa. This is especially important given that the token’s price has fallen by more than 36% since the start of the year, trading at $1.16 on Monday.

If demand for the token continues to grow amid shrinking supply on Binance, a rebound could occur in the near term. However, if the token’s reserves on Binance increase in the coming weeks, the altcoin may face further selling pressure.

From a technical analysis perspective, the token’s price recently broke through an important support level near $1.36, which had served as a buying zone since early February. Therefore, the noticeable decline in the altcoin’s reserves on Binance could help the altcoin reclaim the $1.36 support level and move further.

See also: "Crypto Exchanges See Growing Interest in Futures on Traditional Financial Assets"

#Binance #XRP (XRP)

Editor: Alyona Nabok
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