Binance has seen about 200 million XRP withdrawn over the past ten days. Traders are moving their tokens off the exchange into private wallets.
The XRP supply ratio on Binance fell from 0.027 to 0.025. This shows the share of XRP’s total circulating supply on the platform is shrinking. Analysts say the drop points to a steady trend, not a one-off change.
XRP traded near $1.43, down roughly 0.5% in 24 hours. Spot trading on Binance reached about $2.2 billion, while exchange reserves hit multi-year lows.
Exchange reserve data tracks the movement of coins between trading platforms and private wallets. Falling reserves usually mean users are taking coins into self-custody rather than selling.
The latest withdrawals appear to be driven by holders, not internal exchange reallocation. Binance’s transparent custody addresses made it easier to track organic outflows.
XRP has been under pressure since early 2025. Analysts note that past withdrawals after price dips often indicate renewed interest from investors at lower levels.
Lower exchange supply reduces the immediate coins available for selling. While this doesn’t guarantee a price rise, it could affect market structure if demand returns.
Current withdrawals have already surpassed the total net accumulation from 2025. Traders will be watching whether this shift toward private wallets sparks price movement or remains a long-term holding trend.
Follow on Google News
