XRP's Binance Scarcity Index has fallen to -0.94, its lowest level since January 2025, reversing from 0.77 in July, a roughly two-year high. The measure compares XRP's scarcity on Binance with historical norms, and its negative reading indicates that tokens are relatively more available for trading on the exchange. Binance's overall XRP reserves have declined about 20% since November 2024, but analysts characterize the change as a shift in the availability of the remaining supply rather than necessarily a change in total holdings. XRP traded near $1.55, up 3.4% in 24 hours, roughly 10% over a month and more than 46% over a year. Prediction-market odds of XRP reaching a record by December 31 have fallen to 6%. Greater exchange liquidity can raise the potential for selling pressure, although the index does not establish that tokens are changing hands or that holders are selling.