XRP Reserves Drop to 2024 Low as 500 Million Tokens Exit

ETF Demand Drives XRP Outflow

Binance saw its XRP holdings shrink by roughly 500 million tokens in September 2026, pushing monthly average reserves to their lowest point since early 2024. The decline, reported by Cryptoquant, reflects shifting client behavior and possible accumulation ahead of regulatory developments.

The drop, tracked by on-chain analytics firm Cryptoquant, began in November 2025 and continued through August 2026. Binance’s average XRP balance fell from roughly 1.5 billion tokens to about 1 billion, a 33 percent reduction. The outflow likely stems from large holders moving assets to cold storage and from exchange‑traded funds that attract investors seeking custody outside the platform.

Analysts note that the 500‑million‑token drop aligns with the launch of several spot XRP ETF applications in the United States. The products give retail investors a regulated route to own XRP without relying on exchange balances, prompting a shift of assets to custodial solutions.

Does the XRP Exodus Signal Future Price Moves?

Cryptoquant data shows the monthly average XRP reserve fell from about 1.5 billion tokens in late 2025 to roughly 1 billion by August 2026, a 33 percent contraction. This trend suggests that large‑scale holders are prioritising self‑custody over exchange storage.

If the outflow continues, market participants may see tighter XRP supply on exchanges, potentially supporting price appreciation. However, the broader crypto market’s direction and regulatory clarity will ultimately determine whether the shift translates into sustained bullish momentum.

Frequently Asked Questions

How much XRP left Binance in the past year? Approximately 500 million XRP tokens have exited Binance since November 2025, according to Cryptoquant’s on‑chain data. The decline represents about a third of the exchange’s average XRP holdings at the start of 2025, indicating a notable reallocation of assets.

What role do ETFs play in this reserve decline? The rise of spot XRP ETFs offers investors a regulated custody option, encouraging holders to move tokens off exchanges. This shift reduces the amount of XRP available for immediate trading on Binance.

Could this trend affect XRP’s price outlook? Reduced exchange supply may create upward pressure on price, but price movement will also depend on overall market sentiment and forthcoming regulatory rulings.