Crypto News
Binance's XRP reserves dropped to roughly 2.61 billion tokens, the lowest level in six months, according to CryptoQuant contributor Arab Chain. The drawdown has not been refilled by meaningful inflows since early July, even as XRP bounced about 4% over the past 24 hours to hover near $1.11. The price action ended several sluggish sessions, but Binance's Cumulative Volume Delta Confirmation Score sits at negative 6.93 million, showing sellers have controlled order flow since XRP traded above $2.00 earlier this year.
Why it matters
Falling exchange reserves are typically read as a bullish on-chain signal: when coins move off centralized venues into cold wallets, the available float for sale shrinks, and accumulation tends to follow. The catch is that XRP slipped toward $1.06 while reserves kept thinning, a reminder that thin liquidity and weak sentiment can drown a structurally bullish setup. Buyers have now returned, but the market's late arrival to the trade usually brings noise along with it.
Market impact
The $1.06 to $1.07 zone has repeatedly absorbed pullbacks, with immediate resistance stacked between $1.12 and $1.15 where prior rallies stalled. A daily close above $1.15 on sustained volume could open a path toward the $1.30 to $1.40 region. Failure there leaves XRP rangebound between $1.07 and $1.12, while a daily close below $1.06 would weaken the setup and expose the $0.95 to $1.00 area. XRP still trades roughly 70% below its all-time high near $3.65, so the structural room for upside remains intact even if the short-term tape stays choppy.
Frequently asked questions
-
How low did Binance's XRP reserves fall?
CryptoQuant contributor Arab Chain put Binance's XRP holdings at roughly 2.61 billion tokens, the lowest level in six months, with no meaningful inflows refilling the drawdown since early July.
-
What is XRP's current price and recent move?
XRP was hovering near $1.11 after gaining about 4% over the prior 24 hours, though the token had earlier slipped toward $1.06 as reserves kept shrinking.
-
What does falling exchange reserve signal for XRP?
Coins leaving centralized venues typically reduce the float available for sale and hint at accumulation into cold wallets, though weak sentiment or thin liquidity can override the signal near-term.
-
Where are the key support and resistance levels for XRP?
Support sits at the $1.06 to $1.07 zone that has repeatedly absorbed pullbacks. Immediate resistance is stacked between $1.12 and $1.15, with a break above opening a path toward $1.30 to $1.40.
-
What would invalidate the bullish setup for XRP?
A daily close below $1.06 would weaken the structure and expose the $0.95 to $1.00 area, while Binance's negative 6.93 million CVD Confirmation Score shows sellers have dominated order flow since XRP traded above $2.00 earlier this year.
WuBlockchain
Glassnode
WatcherGuru
Whale Alert
Lookonchain
Crypto Rank News
CoinDesk