Binance and Upbit XRP reserves fall by 228 million tokens by July 2
AI Market Summary
XRP exchange reserves on Binance and Upbit fell by a combined ~228M tokens to multi-month lows, consistent with large on-chain withdrawals to cold storage rather than exchange-held supply. Coinbase also saw a higher share of >1M XRP outflows, signaling whale-driven custody shifts. While lower reserves can reduce immediate sell-side liquidity, CryptoQuant notes reserves alone do not confirm accumulation; momentum remains weak with monthly RSI at record oversold levels.
Impact level
● Medium
Affected assets
XRP/USDT+5.59%
AI Insight · XRP/USDTAI Insight
● Neutral
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As of July 2, Binance’s XRP exchange reserves fell to 2.61 billion tokens from 2.78 billion on May 12, a drop of about 6.1% or roughly 170 million. Upbit’s reserves slipped to 6.457 billion from 6.515 billion over the same period, down about 58 million. Together, the two exchanges recorded net outflows of 228 million XRP, the largest combined reserve decline in nearly two months, according to CryptoQuant. Coinbase also saw the share of XRP outflows in transfers above 1 million tokens rise to 25.7%, while XRP’s monthly RSI flattened after falling to a record-low level.
