Binance XRP Reserves Plummet to Early 2024 Low

Binance's XRP reserves have hit an early 2024 low after declining to $2.6 billion in August, down from a high of around $3.1 billion in November 2025, according to Cryptoquant.

The monthly average reserve has been steadily decreasing since the start of the year, with a net change of approximately 500 million XRP over the period. This marks a level last seen in February 2024.

Despite this decline, the token's price has actually gained nearly 30% in August, reaching $1.35 on September 1 and trading at around $1.45 as of writing.

Cryptoquant notes that this trend may be a positive signal for XRP from a long-term perspective, but emphasizes that it is not directly related to the token's short-term price movement.