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Binance XRP scarcity index hits highest since mid-2024, signaling strong token accumulation.

Technical Signals
06 Jul 2026
Crypto Briefing
View Source
Neutral
pluang ai news

The Binance XRP scarcity index surged to about 0.75 in late April 2026, its highest level since July 2024, indicating that holders are withdrawing XRP tokens from the exchange and accumulating them in private wallets. This tightening supply on Binance reduces liquidity and suggests potential buying pressure due to fewer tokens available for sale. Earlier in March, the index peaked at 0.59 alongside a massive $738 million XRP outflow, with XRP trading near $1.41. By June, the index dropped sharply to 0.34 amid $13.5 million in long liquidations, reflecting a roughly 20% price decline from March's levels as the scarcity trend reversed. This pattern highlights significant market movements tied to XRP's availability on exchanges and its price fluctuations between $1.13 and $1.40 in 2026.

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