Binance has seen a major drop in XRP reserves over the past ten days. About 200 million tokens moved off the exchange into private wallets.
The XRP supply ratio on Binance fell from 0.027 to 0.025 during this period. This ratio measures the share of XRP’s total circulating supply held on the exchange. Analysts say the decline shows a steady trend rather than a single-day shift.
XRP traded near $1.43, down roughly 0.5% in 24 hours. About $2.2 billion in spot trading volume passed through Binance as exchange balances hit multi-year lows.
Exchange reserve data tracks movements between trading platforms and private wallets. When reserves drop, it usually indicates users are taking coins into self-custody rather than preparing to sell.
This recent outflow seems to be user-driven, not due to internal Binance reallocation. The exchange’s transparency in custody addresses allowed analysts to separate operational changes from organic withdrawals.
XRP has been under pressure since early 2025. Historically, sustained withdrawals after price drops have signaled renewed investor interest at lower levels.
Fewer tokens on exchanges reduce the immediate supply available for selling. While this does not guarantee price gains, analysts say it can affect market structure if demand returns.
Current withdrawals have already surpassed total net accumulation from 2025. Traders and market watchers will be watching if this shift toward private wallets leads to price momentum or remains a long-term holding trend.
