Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BNB 
XRP According to CryptoQuant, there are currently more than 2.6 billion XRP tokens available for sale in Bindian. This sharp increase comes at a time when the cryptocurrency is facing increased selling pressure and falling prices.
Exchange XRP supply increases significantly
XRP, a digital payment protocol developed by Ripple Labs, has seen a significant increase in the number of tokens traded on Binon, one of the world's largest cryptocurrency exchanges. As of August 8, Binanshang's XRP balance has reached 2.61 billion pieces.
CryptoQuant reports that this surge highlights a continuing trend: the number of XRP tokens deposited on exchanges exceeds the number of withdrawals. This pattern typically suggests investors are preparing to sell, pushing up supply and potentially putting further downward pressure on prices.
Recent exchange activity shows that more XRP tokens are being transferred to trading platforms, indicating that a large number of holders are looking to cash in while market sentiment remains negative. The increase in exchange supply coincides with a period of uncertainty in the broader cryptocurrency market, which further undermines investor confidence in XRP's short-term prospects.
Mini Dictionary: CryptoQuant is a blockchain analytics platform that provides real-time indicators and insights on cryptocurrency exchange reserves, on-chain activity and investor sentiment.
Falling market value pushes XRP out of the top four
After XRP prices fell sharply over the past week, its market value has dropped to about $64 billion. This decline sent XRP out of the top four cryptocurrencies by market cap. Binance Coin (BNB) has now surpassed XRP, followed by Tether (USDT) and USD Coin (USDC)-the two major stablecoins in the top two places by market value. As a result, XRP is currently the sixth largest digital asset in the market.
Cryptocurrency previously ranked current ranking market value
XRP ranked 4th, 6th, US$64 billion
BNB ranked 5th, 4th not available
USDT ranked 3rd, 3rd not available
USDC ranked 6th, 5th not available
Despite negative market sentiment, XRP still rose briefly, once rebounding to about US$1.04. However, continued volatility and increased selling suggest investors remain cautious. The rapid decline in XRP prices and changes in rankings reflect both the volatility of the overall market and the weakening of investors 'confidence in the asset's short-term prospects.
