Arab Chain
XRP reserves on Binance have declined to their lowest level since 2024
Data from Binance indicates a decline in XRP reserves. According to the latest data, XRP reserves on Binance have dropped to approximately 2.64 billion XRP, marking their lowest level since 2024. This sharp decline in reserves reflects a continued outflow of coins from the platform, indicating a reduction in the amount available for immediate sale. In on-chain analysis, this behavior is typically interpreted as a sign of easing selling pressure, as investors prefer to move coins to private wallets for long-term holding or other uses outside of active trading. Meanwhile, the price of XRP has fallen to around $1.80 after failing to sustain levels above $3, which it had previously reached. The key observation is that this price decline has not been accompanied by an increase in reserves, suggesting that the recent drop was not driven by significant sell-offs into Binance. Historically, strong bearish reversals are often associated with rising exchange reserves, as large inflows typically indicate heavy selling activity. The current situation, however, points to weak demand rather than aggressive selling pressure. XRP reserves reaching their lowest level since 2024 could provide a supportive base for price action in the medium term, particularly if buying momentum returns. With a reduced supply available for sale on the exchange, any sudden increase in demand could result in faster and more pronounced price movements compared to periods when reserves were elevated.