TLDR:
- XRP exchange supply ratio on Binance dropped from 0.027 to 0.025 over the past ten days.
- Approximately 200 million XRP were withdrawn from Binance, reflecting a clear accumulation trend.
- XRP has corrected nearly 40% since the start of 2025, attracting buyers at lower price levels.
- Analysts distinguish organic user withdrawals from internal Binance transfers using public wallet data.
The XRP exchange supply ratio on Binance has recorded a notable decline over the past ten days. Data shows the metric fell from 0.027 to 0.025 during this period.
This movement resulted in roughly 200 million XRP leaving the platform. Analysts view this trend as a signal of renewed accumulation among longer-term holders.
The asset has also undergone a correction of around 40% since the start of the year, drawing increased attention from investors seeking entry points.
Declining Reserves Point Toward Accumulation Behavior
Exchange reserve data is one of the more reliable tools for reading investor sentiment. When reserves rise sharply, it often means holders are moving assets onto platforms with the intention to sell. However, when reserves fall, the narrative shifts toward accumulation and long-term holding.
On-chain analyst Darkfost flagged the current XRP exchange supply ratio movement on Binance as worth watching.
The ratio measures the share of XRP’s total supply held on a specific exchange. Over ten days, that proportion dropped meaningfully, pointing toward sustained withdrawal activity.
As reserves decline, investors are moving their XRP into private custody solutions rather than keeping them on trading platforms.
This behavior reflects a stronger conviction, as assets held in personal wallets are less immediately liquid. It also reduces the near-term selling pressure visible on the open market.
The 40% price correction XRP experienced since the beginning of the year appears to be drawing in buyers at lower levels.
For longer-term participants, the current price range may represent an attractive accumulation zone. This context adds weight to the withdrawal trend observed on Binance.
Distinguishing Organic Flows From Internal Exchange Activity
Not every movement in exchange reserves reflects direct user behavior. Exchanges like Binance regularly shift funds between internal wallets for operational reasons.
However, platforms of this scale typically publish their custody addresses publicly, which allows analysts to separate internal transfers from user-driven flows.
This transparency makes it reasonably possible to identify organic accumulation trends. When withdrawals cannot be traced back to known internal addresses, they are more likely to represent genuine user activity. That distinction is important when concluding reserve data.
Based on current readings, the outflows from Binance appear to reflect real investor positioning rather than internal reallocation.
Analysts tracking these addresses suggest the movements align with typical accumulation patterns. The data therefore supports the interpretation that some participants are actively building positions.
Over time, sustained withdrawal trends like this one tend to reduce available sell-side liquidity on exchanges. That dynamic can shift the supply-demand balance if buying interest picks up.
For now, the XRP exchange supply ratio continues to serve as a key metric for monitoring market sentiment.
