Has XRP Selling Pressure Eased as Binance Reserves Hit 2024 Lows?

TLDR:

• Binance XRP reserves dropped to 2.6B, the lowest level since 2024.
• Reduced reserves indicate lower immediate selling pressure on the market.
• Whale activity shows continued accumulation even as XRP prices decline.
• XRP Spot Taker CVD shifts to buy-dominant, suggesting growing market demand.

XRP reserves on Binance have dropped to their lowest level since 2024, currently around 2.6 billion XRP. 

The decline indicates a shift in investor behavior, with many tokens moving to private wallets or other non-exchange holdings. Lower exchange reserves often reflect reduced selling pressure, as fewer coins are immediately available for liquidation.

This decline comes after periods of heightened XRP deposits on exchanges, which historically corresponded with volatility and potential sell-offs. 

Now, with Binance holding fewer XRP, market liquidity is tighter, increasing the sensitivity of prices to incoming buying activity. 

The reduced reserve level suggests a redistribution of XRP supply, potentially supporting accumulation trends among medium- to long-term holders.

Binance Reserve Trends and Market Supply

Recent data on Binance shows that XRP withdrawals have outpaced deposits, pushing reserves to multi-month lows. 

This movement signals that traders prefer holding XRP off-platform, limiting the amount available for daily trading. Less exchange liquidity often correlates with reduced immediate selling risk.

Periods when Binance held higher XRP reserves often coincided with market corrections or increased volatility. 

The current low reserve level contrasts those periods, suggesting a shift toward steadier supply conditions. With fewer XRP on exchanges, even small inflows of buying pressure could produce more noticeable price movements.

Lower reserves also mean that large market orders can influence prices more quickly than before. 

Traders monitoring XRP supply flows can use this data to assess the potential for short-term accumulation phases. Observing how reserves change provides insight into market sentiment and trading behavior.

Whale Activity and Buying Trends

XRP whales remain actively trading despite the recent price decline. Large holders appear to be accumulating tokens, following typical bottoming behavior. 

Historically, whales purchase XRP before upward price movements rather than during rallies, which may signal preparation for future trends.

Cryptoquant data indicates that XRP Spot Taker Cumulative Volume Delta (CVD) has shifted to a taker buy-dominant trend. 

This trend reflects growing buying sentiment, which could influence price behavior in the near term. CW8900 noted that whales are leading XRP orders, even as prices approach yearly lows.

Active whale accumulation combined with reduced exchange reserves may indicate easing selling pressure.

Market observers track these patterns to understand supply-demand dynamics and potential upcoming shifts in XRP’s trading activity.

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