Although Ripple Labs continued to increase the circulating supply of XRP through its monthly unlocks as of September 2, 2026, the token’s supply on Binance, a top-tier cryptocurrency exchange, has fallen by more than 500 million in 21 months.
The XRP Ledger (XRPL): Exchange Reserve-Binance, 30-day Simple Moving Average (SMA) – a metric that tracks the total amount of XRP held in Binance’s exchange wallets – has dropped from 3,165,575,201 on November 23, 2024, to 2,614,600,179 on September 1, 2026, according to data from CryptoQuant.
XRP Ledger Exchange Reserve-Binance, 30-day SMA: Source: CryptoQuant
As such, this metric shows that roughly 550,975,022 XRP have left the largest crypto exchange by registered users globally in 21 months. This 17.4% decline in Binance’s supply of this altcoin has coincided with the token’s 2025/2026 bear market, signaling a potential structural shift toward cold storage and long-term accumulation despite short-term price weakness.
This metric has signaled high demand from XRP whales, potentially via spot exchange-traded funds (ETFs), as Finbold reported.
What’s next for the XRP price action?
Amid these renewed outflows of this token from Binance, the token’s price has experienced a 27.68% selloff year-to-date (YTD), trading at $1.33 at the time of reporting.
XRP/USD YTD chart. Source: Finbold
Over the past 24 hours, this token’s average traded volume rose by 28% to $2.6 billion at press time. Meanwhile, XRP’s market capitalization reduced by 3.77% in 24 hours to $82.86 billion at the time of publication.
However, XRP’s price has signaled a potential renewed bullish uptrend as investors continue to accumulate. Moreover, the supply of this token on Binance has declined, and the United States spot ETFs have been on a buying spree, as Finbold pointed out.
Consequently, the token’s price could continue its bullish momentum, up 27.74% in 30 days, if the supply on Binance continues to decline amid renewed demand from spot ETFs.
Featured image via Shutterstock
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