Binance and Upbit See 228M XRP Exit as Exchange Balances Continue Falling
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On-chain data shows Binance and Upbit have withdrawn roughly 228 million XRP since May, with Binance reserves down more than 6% to their lowest level since March 2026 and Upbit at its lowest since April while still holding the largest tracked XRP balance. These CEX outflows reduce exchange liquidity for XRP but analysts caution that withdrawals do not confirm accumulation or a clear price catalyst, making the signal mixed for token performance and adoption.
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- Binance and Upbit have recorded a combined decline of about 228 million XRP since May.
- Binance’s XRP reserves fell more than 6%, reaching their lowest level since March 2026.
- Upbit also hit its lowest reserve level since April despite holding the largest tracked XRP balance.
XRP reserves held on two of the crypto market’s largest exchanges have fallen to multi-month lows, according to fresh on-chain data shared by CryptoQuant analyst Amr Taha. The combined decline across Binance and Upbit totals roughly 228 million XRP, highlighting a notable reduction in exchange-held balances over the past several weeks.
Although declining reserves often suggest that coins are leaving exchanges, the movement alone does not confirm accumulation or guarantee higher prices. Analysts instead view reserve trends as one piece of the broader liquidity picture, with future demand likely …
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