XRP Scarcity Index Hits +0.48 As Binance Exchange Balances Decline

The XRP Scarcity Index has turned positive at +0.48, aligning with a reported slide in XRP balances held on exchanges, particularly on Binance. Part of the circulating XRP has been transferred from trading platforms into private or custodial wallets, reducing immediately tradable supply while total token issuance stays the same. Derivatives data also show short positions stacked above current levels, meaning any strong burst of buying could force liquidations and heighten volatility, but analysts caution that this signal still requires confirmation from broader market metrics.