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XRP sees 500M token outflows from Binance as whale withdrawals tighten supply amid price drop

Market News
02 Sep 2026
AMBCrypto
View Source
Neutral
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XRP has experienced a significant price correction, dropping from $3.66 to around $1.35, yet Binance exchange reserves of XRP have steadily declined by about 500 million tokens since November 2025. This decline is driven mainly by large holders (whales) withdrawing their tokens, reducing the immediate supply available for sale on exchanges. Despite this tightening supply, XRP's price has struggled to recover, currently trading near $1.32, with key support at $1.3199 and resistance around $1.42. If XRP holds above support and breaks resistance, it could signal a recovery; otherwise, further declines toward $1.25–$1.28 are possible. The trend suggests holders are moving tokens off exchanges rather than selling, which could strengthen XRP's long-term outlook if demand improves.

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