XRP Reserves on Binance Slump to 2022 Lows — Is a Supply-Shock Rocket Surge Imminent?

XRP reserves on Binance fell to 2.47 billion tokens on Oct. 30, the lowest since December 2022, according to CryptoQuant analyst Amr Taha. Between Oct. 28 and 30, Binance’s reserves dropped from 2.69 billion to 2.47 billion, a decline of 220 million tokens, or about 8.18%. Bybit’s XRP holdings fell by 20 million to 286 million, and Bithumb’s fell by 10 million to 1.837 billion. Lower exchange reserves can reduce the XRP readily available for trading, but outflows alone do not confirm accumulation because tokens may be moved to private wallets or other platforms; XRP was around $1.25.