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
XRP Binance XRP reserves fell to a two-and-a-half-year low, and the flow of funds attracted market attention.
XRP reserves on Binance have dropped to their lowest level in nearly two and a half years, which has triggered new questions about the market's whereabouts and their overall market signals.
More than 500 million XRP flows out in a year
CryptoQuant analyst Darkfost pointed out that Binance's monthly average XRP reserves have dropped from approximately 3.1 billion in November 2025 to approximately 2.6 billion currently. In less than a year, this number has been reduced by approximately 500 million tokens. This brings reserves back to February 2024 levels.
Although the price of XRP has fallen sharply from an all-time high of US$3.66 to around US$1.35-even after a strong rebound in August, the current price is still about 63% below the all-time high-reserve holdings in the currency have continued to decrease. This suggests that there is no direct correlation between the decline in reserves and price performance.
Long-term accumulation, ETF or other factors?
Darkfost believes that the decline in reserves may point to long-term XRP accumulation, where investors move tokens into private wallets. Typically, a decrease in exchange reserves is seen as a signal for investors to withdraw assets and move them into cold wallets. In theory, a reduction in the number of tokens on trading platforms could help reduce short-term selling pressure.
Another key factor identified by Darkfost is the launch of the spot XRP ETF in November and December 2025. ETF issuers need to buy XRPs to support their products 'underlying asset exposure, and this institutional demand may cause more XRPs to be bought from the market and transferred out of exchanges. The coincidence at this point in time is worth noting: Binance's XRP reserves began to decline just before and after the launch of the spot XRP ETF in November 2025.
Currently, Darkfost views the decline in Binance reserves as "a relatively positive signal," but emphasizes that the impact of this trend on long-term markets is more important than short-term price fluctuations. While lower exchange balances can reduce the amount of supply that is immediately available, they do not in themselves directly confirm buying behavior or future price increases.
In addition, Darkfost also pointed out that Binance's XRP reserves tend to rise when token prices rebound and fall during pullbacks. This pattern has remained consistent in recent quarters. Whether the current reduction in reserves is a structural shift in holder behavior or simply reflects market mechanisms over a long correction period remains an unsolved mystery.
