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Binance reduces XRP reserves by 57 million, reversing recent gains amid high outflows and falling derivatives activity.

Market News
02 Oct 2026, 07:19 WIB
Tokenpost
View Source
Neutral
Binance reduces XRP reserves by 57 million, reversing recent gains amid high outflows and falling derivatives activity.

Between September 27 and 30, Binance decreased its XRP reserves by about 57 million tokens, reversing over half of the increase seen since September 13. The reserves had risen from 2.60 billion to 2.70 billion XRP but then dropped to 2.647 billion, a 2.1% decline in three days. This reduction coincided with daily XRP outflows exceeding 320 million tokens in large transactions, similar to a previous spike in August that led to a significant price increase. Meanwhile, derivatives activity on Binance declined, with open futures positions falling 15.3% from a six-month high and long liquidations averaging $3.72 million daily, indicating reduced speculative interest.

As of Oct 02, 2026 11:31 WIB, XRP trades at Rp27.329 on Pluang with a 1-day gain of 1.65%. The market cap stands at Rp1.698,2 trillion, supported by a circulating supply of 63.1 billion XRP. Despite Binance's recent reduction in XRP reserves, Pluang's order activity shows a strong buying interest at 64%, with typical holders keeping XRP for about 71 days.

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