The Binance Scarcity Index for XRP has reached its highest level since 2022, indicating fewer XRP tokens are available for trading on the exchange. On November 4, Binance experienced a significant withdrawal of 418.5 million XRP tokens, marking its largest single-day outflow in about nine months. This scarcity could impact XRP price movements, prompting crypto commentators to advise traders to monitor the situation closely. The withdrawal reflects tokens leaving Binance, while the scarcity index measures the tokens still available for trading there.
XRP is trading at Rp21.408 on Pluang as of Nov 07, 2026 02:22 WIB, down 4.31% in the last day. The market cap stands at Rp1.365,15 trillion, with a 24-hour trading volume of Rp50,72 trillion. Pluang users show a buying preference with 68% buy orders and a typical hold time of 73 days, highlighting active engagement despite recent scarcity news.
A recent chart analysis of XRP indicates it is in a phase called manipulation, following an initial expansion phase. This pattern resembles an earlier rally phase, which some traders interpret as a bullish sign. However, this is a technical reading a...
On November 4, Binance recorded an outflow of 418.5 million XRP tokens, the largest single-day withdrawal in about nine months, valued at approximately $540 million. This outflow surpassed a previous large withdrawal of 315 million XRP on October 29....
The XRP Ledger's native lending system proposal has reached 60% validator approval, with 21 out of 35 validators supporting it. This upgrade, known as XLS-66, would enable fixed-term loans on-chain using pooled digital assets, expanding XRPL's use be...
XRP is experiencing a sharp increase in short positions, rising over 650%, as its price falls below key support levels toward $1. Despite this bearish momentum, on-chain data shows significant whale accumulation and a reduction in XRP supply on excha...
Binance's XRP reserves increased by about 280 million tokens within 48 hours, rebounding after a $6.34 billion security breach on October 29. The exchange's holdings rose from 2.35 billion to 2.63 billion XRP, reflecting efforts to replenish stolen a...
