XRP Flashes Monthly Buy Signal as Binance Reserves Hit Lowest Level Since February

XRP (CRYPTO: XRP) has dropped around 13% over the past month even as Binance’s XRP reserves dropped to their lowest level since February.

Binance XRP Reserves Stabilize Near 2.61 Billion

In an X post on July 15, CryptoQuant data shows that Binance’s XRP reserves fell to roughly 2.61 billion tokens at the start of July before stabilizing near that level.

The decline extends a broader drop in XRP held on the world’s largest cryptocurrency exchange, with no major inflows replenishing reserves.

Lower exchange reserves often suggest investors are moving tokens into private wallets, reducing the amount immediately available for sale.