XRP reserves on the Binance crypto exchange have fallen to 2.7 billion tokens

According to CryptoQuant, XRP reserves on Binance have declined from around 3 billion tokens in early October to 2.7 billion by the end of November. This decrease is notable not only for its scale, but also for the speed at which the reserves are being depleted, indicating significant shifts in trader and institutional investor behavior.

Analyst Darkfost stated that the current pace of withdrawals could lead to “XRP entering a more structured market environment, especially if institutional investors continue to absorb the supply,” while exchange balances continue to decline. With the altcoin now trading at around $2.20, the market is watching to see whether this reserve trend will become a leading indicator of a broader shift in investor positioning.

If the decline continues and falls below the 2.7 billion level, XRP reserves on Binance could drop to lows not seen since the summer.

After reaching the 3 billion XRP mark in early October, Binance’s reserves have steadily decreased to 2.7 billion. Notably, this reduction occurred regardless of XRP’s intraday price volatility.

The altcoin’s price has fluctuated sharply—from peaks above $3 at the beginning of the month to current levels around $2.20. Meanwhile, the reserve volume continues to decline, indicating a persistent net outflow of funds rather than accumulation.

See also: "A sharp spike in futures activity on Binance: BTC and top altcoin volumes hit multi-week highs"

#XRP (XRP) #Binance

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