XRP just got a lot harder to find on Binance. The exchange’s XRP scarcity index, tracked by CryptoQuant analyst Arab Chain, surged to approximately 0.75 in late April 2026, a level not seen since July 2024.
The metric works by comparing current XRP balances on Binance against historical levels. A higher reading means tighter supply on the exchange.
What the scarcity index actually measures
When tokens leave an exchange, it generally means holders are moving them to private wallets. The scarcity index translates this behavior into a single number. Lower values mean plenty of XRP is sitting on Binance, available for trading and, critically, for selling. Higher values mean the opposite: supply is contracting, liquidity is thinning, and any buying pressure has fewer tokens to absorb.
This isn’t the first time the index has flashed hot in 2026. Back in March, the reading peaked at 0.59, which was itself the highest since 2024. That spike coincided with roughly $738 million in single-day XRP outflows on March 10. At the time, XRP was trading near $1.41.
