Reserves Slide Across Major Platforms $XRP is steadily moving off centralized exchanges, with on-chain data pointing to a meaningful tightening of readily tradable supply. According to Crypto
$XRP is steadily moving off centralized exchanges, with on-chain data pointing to a meaningful tightening of readily tradable supply. According to CryptoQuant analyst Amr Taha, reserves across Upbit, Binance, and Bithumb have fallen by roughly 240 million XRP since early summer. Combined holdings across the three platforms now stand at approximately 10.84 billion XRP, a decline of around 2.2%.
Binance recorded the steepest drop among the three. The exchange's XRP balance fell from about 2.78 billion tokens in mid-May to 2.61 billion by early July, a decline of roughly 170 million XRP, or more than 6% of its holdings. That pushed Binance's reserve to its lowest level since March 2026. The latest figures cited in the original report place Binance's reserve at 2.62 billion XRP, reflecting a 3.7% decline.
Upbit, the dominant South Korean venue, remains the single largest holder of exchange-held XRP. Despite a smaller percentage decline, the exchange still holds around 6.4 billion XRP, roughly 2.47 times as much as Binance, confirming its outsized share of global exchange reserves. Upbit and Bithumb together account for nearly 76% of tracked XRP exchange reserves, underscoring the outsized role South Korean platforms play in the token's on-chain liquidity picture.
Falling exchange reserves are often read as a bullish signal, as tokens leaving trading platforms can indicate holders moving supply into private wallets or long-term custody rather than positioning to sell. A sustained decline typically indicates investors are moving tokens into private wallets or long-term custody, a trend often associated with lower near-term selling pressure.
However, Taha himself urges caution. He cautioned against treating lower reserves as clear evidence of accumulation or a guaranteed bullish signal, noting that tokens may simply be moving between exchanges or reducing the amount of XRP immediately available for spot trading, rather than reflecting deliberate long-term holding. According to CryptoQuant, lower exchange reserves imply less immediate sell-side supply, and if sustained, reduced liquidity raises the odds of short to medium-term price increases. Even so, broader market conditions, demand, and sentiment remain the primary drivers of price direction.
Sources:The Crypto Basic: XRP Whale Withdrawals and Reserve Decline on Binance and UpbitFXStreet: XRP Clings to $1.00 Floor Amid Declining Exchange BalanceCoinPaper: XRP Exchange Reserves Hit Multi-Month Lows
