XRP reserves held on Binance have dropped sharply in recent weeks, suggesting growing pressure on liquid exchange supply at a time when the token attempts to stabilize following months of selling fatigue.
Per data retrieved by Finbold from on-chain analytics platform CryptoQuant, XRP exchange reserves fell from roughly 3 billion tokens in mid-October to just 2.71 billion as of November 27, coinciding with a continued decline in price momentum.
XRP Ledger Echange Reserve. Source: CryptoQuant
During the period of peak accumulation at around 3 billion XRP, the asset was trading near $3.025, whereas it currently trades at $2.17, recording a mild 1% gain in the past 24 hours. The sharp reserve contraction signals either increased withdrawals toward self-custody or strategic long-term holding behaviour at lower price levels.
XRP Ledger Echange Reserve. Source: Finbold/CryptoQuant
XRP price divergence
While XRP price has fallen steadily since early November, exchange-held rese
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