Binance's XRP Reserves Plummet to 2.6 Billion Amid Accumulation

Binance's monthly average XRP reserves have seen a significant decline since November 2025, falling by approximately 500 million tokens to 2.6 billion, according to Cryptoquant.

This level is similar to what was recorded in February 2024 and may be indicative of accumulation or demand for the asset, such as through spot XRP exchange-traded funds (ETFs) that launched late last year.

While some investors have been withdrawing tokens from Binance, others may be transferring them to self-custodial wallets, reducing the reported reserves. The analysis also noted that the 30-day reserve average tends to increase during price rebounds and decline during subsequent retracements, which could add another layer of interpretation.