Upbit's XRP Reserve Collapses to Two-Month Low Amid Ongoing Selling Pressure

The XRP exchange reserve on Upbit has plummeted to a two-month low of 6.43 billion, according to recent data.

This decline follows a consistent pattern of withdrawals from the platform, which has seen its holdings fall by around 85 million XRP since May 30.

Upbit still holds more XRP than Binance and other exchanges included in the data, with approximately 2.47 times as much as Binance's current holding of about 2.60 billion XRP.

The price of XRP has also struggled, falling to $1.08 due to selling pressure, down 70% from its previous peak.