XRP Scarcity Hits 1-Year High on Binance
Share:
Binance's XRP Scarcity Index climbed to 0.77, the highest since mid-2024, as exchange liquidity fell to its lowest level in a year despite nearly balanced inflows (7.38M XRP) and outflows (7.27M XRP). XRP Ledger transactions dropped to 1.3M per day, 29% below the three-month average, indicating tighter CEX liquidity that could magnify token price moves in crypto markets if buying pressure resumes.
Predictions Markets
See what traders are focused on
- Binance XRP Scarcity Index has climbed to 0.77, the highest level since mid-2024.
- The exchange experienced 7.38 million XRP inflows and 7.27 million XRP outflows.
- XRP Ledger transactions are at 1.3 million per day, 29% below the 3‑month average.
The amount of XRP readily available for sale on Binance has fallen to its lowest level since mid-2024, pushing the exchange’s Scarcity Index to its highest reading in roughly one year at 0.77.
In the past, a higher reading has meant fewer coins on the exchange compared to typical demand, so if buyers step in, it could have a larger impact on the price since there’s less supply ready to sell. Worth noting is that the Scarcity Index doesn’t mean that XRP itself is becoming scarce, just that the liquid supply on exchanges is tightening.
CryptoQuant reports that the Scarcity Index was already climbing weeks before XRP’s…
Read The Full Article XRP Scarcity Hits 1-Year High on Binance On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
XRP Price Prediction: Is XRP Setting Up a 1,000% Move or Just Retesting the Same Resistance?
