TLDR:
- XRP reserves on Binance dropped from 3.1 billion to 2.6 billion tokens since November 2025.
- Roughly 500 million XRP left Binance even as the XRP price fell 63% from its 2025 peak level.
- The launch of spot XRP ETFs in late 2025 may have driven part of the reserve outflow seen.
- XRP trades near $1.34, consolidating between its 20-week EMA and 50-week EMA resistance levels.
XRP reserves on Binance have declined to levels last seen in February 2024, according to on-chain data. Roughly 500 million XRP have left the exchange over the past year.
The outflow persisted even as the XRP price fell from a high of $3.66 to near $1.35, marking a 63% drawdown. Analysts point to long-term accumulation and the launch of spot XRP ETFs as possible drivers behind the shrinking reserves.
Binance XRP Reserves Fall to Multi-Year Low
The monthly average of XRP reserves held on Binance has fallen sharply since late 2025. Between November 2025 and today, that average dropped from 3.1 billion to 2.6 billion XRP.
This represents an outflow of roughly 500 million tokens. Analyst Darkfost tracked this movement closely on social media this week.
Darkfost observed that Binance reserves tend to rise during XRP price rebounds. Reserves then decline again during each following retracement, based on the data reviewed.
This pattern suggests some investors move tokens off exchanges during downturns. It may reflect a growing preference for self-custody among holders.
The reserve decline also lines up with the launch of spot XRP ETFs. Those products debuted in November and December of 2025.
ETF issuers may have needed to acquire XRP on the open market. That buying pressure could account for part of the recorded outflow.
Exchanges also shift reserves based on routine withdrawal and deposit activity. Some of the decline may reflect operational adjustments rather than pure accumulation.
Still, the scale of the movement points to more than short-term noise. Sustained reserve outflows are often viewed as a constructive long-term signal.
XRP Price Tests Support Near Key Moving Averages
XRP traded at $1.34 at the time of writing, down 2.85% over the past day. Trading volume reached close to $1.95 billion during that same period.
Source: CoinGecko
The token has also fallen 8.10% over the past seven days. That pullback comes despite XRP posting close to 30% gains for the month.
Trader ChartNerd pointed to two recent rejections at the 50-week EMA near $1.53. That level has served as resistance on recent attempts to move higher.
The 20-week EMA, currently around $1.27, could act as support. A break below $1.36 on lower timeframes may bring that level into play.
Price compression between two moving averages often precedes a directional breakout. Traders watching XRP reserves and price action call this pattern fairly common.
XRP appears to be consolidating within this broader range for now. A confirmed move beyond either average would likely draw fresh trader attention.
Falling XRP reserves alongside price consolidation create a mixed near-term picture. Reserve trends tend to carry more weight over longer time horizons than daily swings.
Traders continue watching the $1.27 to $1.53 range for the next signal. How XRP reserves evolve from here may shape sentiment into the next quarter.
