Binance XRP Holdings Hit Five-Month Low, Hinting at Lower Sell Pressure
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XRP holdings on Binance dropped to a five-month low as the Exchange Supply Ratio fell to 0.02605 and XRP traded around $1.14, signaling fewer tokens immediately available on the CEX and potential easing of sell pressure. Whales made up 77.8% of exchange outflows while large wallets kept accumulating, concentrating supply off-exchange and affecting token price dynamics, support and resistance levels, and broader crypto adoption signals.
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- XRP held on Binance fell to a five-month low, reducing the supply immediately available for potential selling.
- Whales made up 77.8% of XRP exchange outflows, signaling large holders led recent token withdrawals.
- Large XRP wallets continued accumulating as analysts watched key support and resistance levels for the token.
XRP held on Binance has fallen to its lowest level in five months, suggesting fewer tokens are immediately available for sale as large holders move coins off the exchange.
CryptoQuant analyst Arab Chain said Binance’s Exchange Supply Ratio had declined to 0.02605. XRP traded near $1.14 as investors assessed whether the shift pointed to easing selling pressure.
The Exchange Supply Ratio measures the amount of XRP held on Binance relative to the token’s circulating supply. A lower reading can indicate that investors are moving coins into private w…
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