Binance’s XRP reserves have declined steadily over the past 10 days, with roughly 200 million XRP leaving the exchange during that stretch. Data cited in the report showed Binance’s XRP exchange supply ratio falling from 0.027 to 0.025, pointing to a move away from exchange balances and into private custody.
The shift was described as a gradual drawdown rather than a one-day spike. Exchange reserve metrics track how much of an asset’s circulating supply sits on trading venues. A rising reading often suggests deposits that can add to near-term sell pressure, while a falling reading usually reflects withdrawals to self-custody.
Withdrawal wave has overtaken last year’s accumulation
According to the source material, the latest XRP outflow appears to be driven by users instead of internal wallet reshuffling by Binance. The distinction comes from the exchange’s published custody addresses, which make it easier to separate operational transfers from organic withdrawals.
The report also said the current drawdown has already exceeded the total net accumulation recorded across 2025. That leaves centralized-exchange XRP balances near multi-year lows and adds to the longer-running move toward self-custody.
Price remains soft even as exchange supply tightens
XRP was trading near $1.43, down about 0.5% over the past 24 hours, with spot volume around $2.2 billion. The article noted that XRP has fallen sharply since the start of 2025, and that exchange outflows after price corrections have historically been watched as a sign of renewed interest at lower levels.
Still, lower exchange balances do not guarantee a price rebound. What they change first is the amount of XRP readily available for sale on trading platforms. If demand comes back, that tighter exchange supply can matter for market structure. For now, traders are watching whether this migration to private wallets turns into price momentum or remains a change in holding behavior.