Binance XRP Reserves Plummet by 500M as Price Action Repeats 2024 Pattern

XRP's price has been in decline since last week's rally pushed it to $1.70, but on-chain data suggests a different trend.

Binance's XRP reserves have fallen by approximately 500 million tokens since November 2025, reaching levels last seen in early 2024.

This drop could be indicative of long-term accumulation, as investors move tokens to private wallets. Darkfost, a CryptoQuant analyst, noted that the falling reserves also coincide with the launch of spot XRP ETFs in November and December 2025.

The current setup bears resemblance to February 2024, when XRP traded near $0.52 before climbing to around $0.78 within two to three weeks, resulting in a gain of over 50%. A similar scenario may be unfolding now, with XRP's price potentially reaching $2.50 if it follows the same pattern.