XRP Is Seeing Declining Exchange Reserves. Here’s What It Means
Photo: Times Tabloid
Crypto analyst Xaif Crypto highlighted a significant development in XRP exchange reserve data in a post on X . Between October 28 and 30, Binance’s XRP reserves fell from 2.69B to 2.47B XRP. That is a drop of 220M XRP, or 8.18%, in just three days. Binance’s XRP reserves have not been this low since December 2022. The decline was not limited to Binance . Bybit recorded a reduction of 20M XRP over the same period. Bithumb shed 10M XRP. Reserve levels fell across multiple major platforms simultaneously. On-chain data from CryptoQuant supports the picture.
Source: Times Tabloid
