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XRP reserves on Binance hit 4-year lows, hinting at a possible supply squeeze and price rally.

Technical Signals
31 Oct 2026, 20:31 WIB
Zycrypto
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Bullish
XRP reserves on Binance hit 4-year lows, hinting at a possible supply squeeze and price rally.

XRP reserves on Binance have dropped to their lowest level since December 2022, falling by 220 million tokens in just two days. This decline extends to other exchanges like Bybit and Bithumb, reducing the amount of XRP available for immediate trading. The shrinking supply could lead to a supply squeeze, potentially boosting XRP's price if investor demand increases. However, the movement of tokens off exchanges does not guarantee accumulation, as they might be moved to private wallets. XRP currently trades around $1.25, and this on-chain trend is seen as a positive sign for holders amid broader market volatility.

XRP is trading at Rp22.742 on Pluang as of Nov 01, 2026 00:51 WIB, showing a modest 1-day gain of 0.51%. Despite the recent drop in XRP reserves on Binance to 2022 lows, XRP's circulating supply on Pluang remains at 63.4 billion tokens, representing 64% of the total 100 billion XRP. This contrasts with the relatively balanced order activity on Pluang, where sell orders slightly exceed buy orders at 53% to 47%, indicating steady investor interest amid the supply changes reported.

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