The Massive XRP Withdrawal: How Much Remains on Crypto Exchanges

crypthub

4 days ago

Exchange Reserve Decline

On‑chain data shows a steady drawdown of XRP balances on crypto exchanges, pushing reserves to their lowest level in several years. CryptoQuant reports that total exchange holdings fell from roughly 2.65 billion XRP at the end of 2025 to about 1.85 billion in early 2026. This near‑800 million token outflow marks the most dramatic supply contraction in recent history.

Binance Leads the Exodus

Binance, the platform with the largest XRP liquidity, mirrored the broader trend. Between 2024 and early 2025 the exchange held over 3 billion XRP, dropping to the 2 billion range by late 2025 and further to around 1.85 billion at the start of 2026. The rapid depletion underscores a shift of assets away from centralized venues.

Market Impact and Outlook

Glassnode data, highlighted by the BULLRUNNERS account, suggests overall exchange balances may be as low as 1.44 billion XRP, a steep decline from previous weeks. The reduced supply coincides with XRP price climbing above $2, currently trading near $2.15. Simultaneously, Spot XRP ETFs have recorded continuous net inflows since launch, reinforcing the bullish narrative.