**XRP Reserve on Binance Drops Sharply as Accumulation Trend Grows**
The XRP reserve on Binance has dropped to just 2.7 billion tokens, marking one of its lowest levels ever recorded. Since October 6, more than 300 million XRP — valued at approximately $651 million — have been withdrawn from the exchange, according to on-chain activity analyzed by CryptoQuant.
**Steady Accumulation Trend Identified**
CryptoQuant reports a consistent accumulation trend for XRP based on recent withdrawal data. Analyst Darkfost notes that the majority of these withdrawals represent long-term holdings rather than simple wallet redistribution. “This isn’t random movement; the accumulation is too consistent to ignore at this scale,” he explained. These patterns suggest that users are transferring XRP to private storage, thereby reducing the circulating supply available on exchanges and lowering short-term sell pressure.
As a result, the decline in XRP reserves on Binance reflects growing conviction among holders, with more users choosing to secure their assets privately.
**ETF Launches Increase Institutional Demand**
The drop in Binance’s XRP reserve coincides with the launch of several U.S.-based XRP exchange-traded funds (ETFs), including offerings from Canary Capital, Grayscale, Bitwise, and Franklin Templeton. Darkfost highlights the clear correlation between these ETF launches and the uptick in XRP outflows from Binance.
“This transforms XRP from a standard asset to an institutional-grade product with multiple investment channels,” Darkfost remarked. The introduction of these ETFs provides traditional exposure to XRP for institutional investors, further amplifying the shift toward long-term holding and reducing exchange supply.
**Possible Price Implications as Accumulation Grows**
As the accumulation trend persists, analysts are assessing how reduced XRP availability could impact its price. Chad Steingraber presented a valuation model factoring in projected annual capital inflows of $33.6 billion and asset absorption rates. Depending on the pace of accumulation, Steingraber forecasts that XRP could be valued anywhere from $11.25 to $225 per token.
With over 300 million XRP withdrawn since early October and the Binance reserve now at just 2.7 billion tokens, all eyes are on whether this accumulation trend will continue — and how it might influence the future of XRP in broader financial markets.
*The post XRP Reserve on Binance Drops Sharply as Accumulation Trend Grows appeared first on Blockonomi.*
https://bitcoinethereumnews.com/tech/xrp-reserve-on-binance-drops-sharply-as-accumulation-trend-grows/
