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>>Binance’s XRP holdings plunge to historic lows as investors turn to long‑term holding.

Binance’s XRP holdings plunge to historic lows as investors turn to long‑term holding.

crypthub

about 1 hour ago

Market Sentiment

XRP faces intense selling as the crypto market enters a fear‑driven phase. Bitcoin struggles to recover while altcoins record steep losses. Analysts warn of continued decline and heightened volatility. Thinning liquidity further erodes confidence across the sector.

Institutional Developments

The launch of U.S. spot XRP ETFs has reshaped its market profile. Canary Capital debuted on November 13, followed by Franklin Templeton, Bitwise and Grayscale. These regulated vehicles make XRP accessible to institutional investors. The shift may alter long‑term demand dynamics and attract new capital.

Exchange Outflows

Since early October, Binance’s XRP reserves have dropped to about 2.7 billion, one of the lowest levels ever. Roughly 300 million XRP left the exchange, indicating strong self‑custody interest. Such withdrawals are typically seen as a bullish long‑term signal. Reduced on‑exchange supply tightens liquidity and supports accumulation.

Price Outlook

XRP is attempting to stabilize near the $2 psychological level but remains below key moving averages. The 200‑day line offers tentative support, yet the 50‑day and 100‑day averages stay downward‑sloping. Low trading volume shows limited conviction buying. A breakout above these averages would be needed to reverse the prevailing bearish trend.