Binance XRP Reserve Plummets by 500M Tokens Amid Sustained Demand

XRP reserve on Binance has fallen to its lowest monthly average since February 2024 due to over 500 million tokens being moved off the exchange. According to data from crypto analytics platform CryptoQuant, the monthly average of XRP held on Binance dropped from 3.1 billion tokens in November 2025 to around 2.6 billion as of September 1, 2026.

This decline suggests prolonged demand for XRP on Binance, with market participants possibly accumulating the token for long-term holding. The shrinking supply on Binance prints a bullish signal for XRP, indicating reduced sell pressure and potentially contributing to a price recovery.

XRP's price has remained volatile during this period, trading below its previous high of $3.66. Despite a 30% gain in August, the current price is around $1.35, still 63% away from reaching its record price level or setting a new high.