Amr Taha
Upbit XRP Reserve Falls to 6.43B, Lowest Since May, While Binance Remains 200M Below March Peak
XRP exchange reserves are showing a notable divergence across major trading venues, with Upbit falling to its lowest level since May while Binance remains well below its March peak. Upbitโs XRP reserve declined to approximately 6.43 billion XRP, marking its lowest reading since May. The exchange had reached a recent reserve high of about 6.515 billion XRP on May 30, meaning its balance has decreased by roughly 85 million XRP, or about 1.3%, from that peak. The scale of Upbitโs reserve also remains notable compared with other major exchanges displayed in the dataset. At 6.43 billion XRP, Upbit currently holds roughly 2.47 times the XRP reserve recorded on Binance. Binanceโs XRP reserve stood near 2.60 billion XRP on July 24, compared with a 2026 high of approximately 2.80 billion XRP on March 17. This represents a decline of around 200 million XRP, or roughly 7.1%, from the March peak. Bithumb, meanwhile, recorded approximately 1.83 billion XRP, placing its reserve close to the levels observed on May 30. This creates a clear divergence across the three exchanges: Upbit has moved to a multi-month low, Binance remains materially below its March high, while Bithumb has returned near its late-May level. The differences are particularly relevant when monitoring XRPโs exchange-side liquidity structure. Upbit and Bithumb both maintain comparatively large XRP balances among the exchanges shown in the dataset, making changes in their reserves useful indicators when assessing how exchange-held XRP liquidity is evolving. Importantly, reserve declines alone do not determine whether XRP is being moved into self-custody, transferred between platforms, or redistributed through other market channels.