Binance XRP Supply Hits Highest Level Since January 2025
XRP's availability on Binance has increased to its highest level since January 2025. The Binance Scarcity Index, a metric used by CryptoQuant analyst Arabchain, has fallen to -0.94, down from 0.77 in July.
This sharp reversal indicates that more XRP is now available for trading on the exchange. A positive reading in July suggested scarcity, but the current negative reading shows increased supply.
While an increase in available supply may lead to potential selling pressure if holders choose to sell their positions, Arabchain's analysis emphasizes that the index does not confirm widespread selling activity.