CryptoQuant data indicates continued XRP outflows from the exchange, suggesting holders are moving coins into private wallets or other venues.
Binance’s XRP reserves have dropped to about 2.69 billion, marking a four-month low. The move reflects continued outflows tracked by CryptoQuant, a crypto on-chain analytics platform, as holders shift tokens off the exchange. Exchange reserve declines are often watched as a gauge of investor behavior because they can indicate users are transferring assets to self-custody wallets or repositioning them elsewhere rather than leaving them available for immediate trading.