Binance XRP Reserves Plummet to Lowest Levels Since 2024

XRP reserves on Binance have hit their lowest level since February 2024, according to on-chain data. The reserve decline is significant, with a drop of roughly 500 million XRP tokens over the past year.

The outflow persisted even as the XRP price fell from its peak in 2025 by 63%, marking a major drawdown.

Analysts attribute part of this movement to long-term accumulation and the launch of spot XRP ETFs, which debuted in late 2025. The products' issuers may have needed to acquire XRP on the open market, driving some of the recorded outflow.

The reserve decline also suggests that investors are shifting their XRP holdings off exchanges during downturns, possibly due to a growing preference for self-custody.