XRP Tradable Supply on Binance Tightens as Scarcity Hits Four-Year High

XRP’s tradable supply on Binance tightened as a scarcity gauge reached its highest reading since 2022, according to a new analysis. Separate reserve data showed rising exchange holdings, highlighting the distinction between trading availability and total balances. The XRP Binance Scarcity Index reached approximately 2.1 , its highest level since 2022, Cryptoquant contributor Arab Chain shared in a Nov. 5 analysis. The gauge measures relative XRP availability for trading on Binance, with higher readings indicating greater scarcity. Its latest level followed negative readings throughout September and October and marked its highest point since 2022.

Source: Bitcoin.com News