XRP's Binance reserves have dropped 500 million tokens since November 2025, even as the token's price fell 63% from its highs. Whale wallets, not retail holders, are driving the withdrawals, though weak buying volume keeps XRP capped below key resistance.
XRP dropped 63% from $3.66 toward $1.35 after a steep correction on August 22, yet Ripple tokens have kept leaving Binance throughout the decline. Since November 2025, the exchange's monthly XRP reserves have fallen from 3.1 billion to 2.6 billion tokens, a drop of roughly 500 million XRP.
Normally, a correction of that size would draw holders back to exchanges to sell. Instead, reserves kept trending lower through rebounds and retracements, with the monthly average reaching its weakest level since February 2024. That divergence suggests XRP holders are increasingly moving tokens off Binance rather than returning them for sale, though custody changes and other transfers can also lower reserve balances, so the trend does not prove accumulation.
Whale withdrawals dominate the outflows
August revealed a shift in who is behind the withdrawals. Larger holders drove most of the recent activity, with whale outflow dominance reaching 84.25% on August 21 while retail activity slipped to just 15%. That gap nearly matched March's 84.6% whale peak, showing large-holder activity back at an extreme.
Whale outflows outpaced retail activity by 5.6 times, up from 4.5 times in June. Large transfers can reshape exchange liquidity faster than dispersed retail movements, though outflows alone cannot confirm whether whales are accumulating or simply relocating tokens. Whale dominance has since eased to 78.5%, and sustained levels near 80% would indicate large holders remain the main force behind the withdrawals.
Price holds near key support as selling pressure persists
Withdrawals have not been enough to pull buyers back. XRP's rally stalled near $1.56 before repeated lower highs dragged the price toward $1.35, keeping sellers in control. At press time the token was trading at $1.32.
A break above the current bearish trend line would give bulls their first real chance to reverse recent losses, but weak volume shows buyers have not committed enough capital yet. A move through $1.42 would open the door to the $1.48-$1.50 range. If the $1.3199 support level breaks instead, bearish momentum could overwhelm the reduced exchange supply and expose the $1.25-$1.28 zone, extending the correction.
Source: AMBCrypto
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