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Binance XRP Reserves Plummet to Early 2024 Levels

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Binance's XRP reserves have hit an early 2024 low, falling to 2.6 billion from 3.1 billion in November 2025, according to Cryptoquant.

This decline represents a net change of 500 million XRP, not a single withdrawal, and matches a level last seen around February 2024.

The analysis suggests that this trend may be due to longer-term accumulation by holders transferring XRP away from the exchange, rather than short-term price movements or customer withdrawals.

Additionally, spot XRP exchange-traded funds (ETFs) launched in late 2025 could have contributed to demand and led to a reduction in Binance's reserves.

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