XRP Holders Move Millions Off Binance Amid Price Uncertainty

XRP investors appear to be doubling down on their bets despite the token's price chart showing signs of losing steam.

Data from Cryptoquant indicates that Binance, one of the largest cryptocurrency exchanges, has seen a significant drop in its XRP reserves. The average number of XRP held by Binance has fallen to around 2.6 billion, down from approximately 3.1 billion in November 2025.

This decline represents a loss of roughly 500 million tokens and is the lowest level since February 2024. Analyst Darkfost suggests that this persistent drop could be indicative of long-term accumulation, with investors moving their holdings into private wallets rather than keeping them available on exchanges.

The launch of spot XRP ETFs in late 2025 may have contributed to the decline, as demand from these funds could have led to more XRP being purchased from the market. Analyst Ali Martinez highlighted the $1.31-$1.38 region as an important support zone for XRP, noting that over 4.8 billion tokens were previously acquired around this area.