Binance XRP Reserves Plummet to Early 2024 Levels
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.