XRP token reserves on Binance have experienced a notable decline since November 2025, with monthly reserves falling from 3.1 billion to 2.6 billion tokens—a reduction of approximately 500 million XRP. Despite a significant price correction, the outflow of tokens from the exchange has continued through both rebounds and retracements.
The withdrawal pattern suggests that XRP holders are moving tokens away from exchanges rather than returning them for sale. However, researchers note this does not necessarily indicate accumulation, as custody changes and other transfers can also account for reserve declines. Fewer exchange-held tokens mean reduced immediate selling pressure, though this alone has not reversed the downward price trend.
Whale Activity Drives Majority of Outflows
Large holders have become the dominant force behind XRP withdrawals from Binance. In August, whale outflow dominance reached 84.25% on the 21st, while retail activity accounted for just 15%. Whales generated 5.6 times the outflows of retail traders, up from 4.5 times in June.
This concentration of large-holder activity can reshape exchange liquidity more rapidly than dispersed retail movements. However, large withdrawals alone cannot confirm whether whales are accumulating tokens or simply relocating them to other custodians.
Price Action and Technical Levels
Despite reduced exchange supply, XRP has not attracted sufficient buyer interest to reverse recent losses. The altcoin rallied to near $1.56 before repeated lower highs pushed the price toward $1.35. At press time, XRP was trading at $1.32.
Weak trading volume indicates buyers have not committed substantial capital. A break above the current bearish trend line would offer bulls an opportunity to reverse losses, with $1.42 representing a key resistance level. A successful move through $1.42 could open trading toward $1.48–$1.50.
Conversely, a break below $1.3199 could extend the correction, potentially exposing the $1.25–$1.28 support zone and delaying meaningful recovery prospects.
