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▲ XRP (XRP)/AI Generated Image ©
While XRP (XRP, Ripple) went through a bear market, 550,975,022 units were found to have been withdrawn from Binance, the world's largest virtual asset exchange. Even with the increase in circulating supply due to Ripple Labs' monthly unlock of volume, exchange holdings decreased by 17.4% over 21 months.
According to crypto-focused media outlet Finbold on September 2 (local time), CryptoQuant's 'XRP Ledger (XRPL) Binance Exchange Holdings 30-Day Simple Moving Average (SMA)' decreased from 3,165,575,201 units on November 23, 2024, to 2,614,600,179 units on September 1, 2026. This metric tracks the total amount of XRP held in Binance's exchange wallets.
The decrease in Binance holdings coincided with the bear market of 2025-2026. The outlet analyzed that despite short-term price weakness, this could be a structural change where investors are moving XRP from exchanges to cold wallets for long-term holding. It was also suggested that demand from whale investors through XRP spot ETFs may have contributed to the decrease in exchange holdings.
XRP has fallen by 27.68% this year, trading at $1.33 at the time of writing. Its average 24-hour trading volume recently increased by 28% to $2.6 billion, while its market capitalization decreased by 3.77% over the same period to $82.86 billion.
However, the price has shown a rebound, increasing by 27.74% over the past 30 days. The outlet predicted that if investor accumulation continues, Binance holdings continue to decrease, and buying demand for a US XRP spot ETF expands again, the upward momentum could continue.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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