XRP Reserves Plummet by Half Billion as Price Holds Steady

XRP's price has dropped by 5% in recent days after reaching $1.70 last week, but on-chain data suggests a different trend.

Binance's XRP reserves have fallen by around 500 million tokens since November 2025, reaching levels last seen in early 2024.

CryptoQuant analyst darkfost notes that this decline could indicate long-term accumulation by investors moving tokens to private wallets. Additionally, the falling Binance reserves may be attributed to ETF issuers buying XRP from the market following the launch of spot XRP ETFs in November and December 2025.

The current setup bears a resemblance to the February 2024 scenario where XRP traded near $0.52 before climbing to around $0.78 within roughly two to three weeks, delivering a gain of over 50%.