XRP Reserves on Binance Drop $640M, Signaling Possible Supply Shock
CryptoQuant’s latest on-chain tracking indicates a sharp outflow of XRP from Binance, equating to roughly $640 million in value leaving the exchange. The firm says reserves are evaporating in real time; a snapshot from Oct. 6 put Binance’s balance at about 3.02 billion XRP, and the subsequent decline suggests a meaningful reduction in exchange-held supply.
A sudden pullback of exchange reserves can tighten available liquidity and increase price sensitivity to buying pressure, so traders may see higher volatility and thinner order books for XRP. The move matters to market participants and the broader Ripple ecosystem because less exchange supply can amplify rallies or squeeze short positions. Investors should watch on-chain flows and order-book depth for confirmation as the situation evolves.