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XRP supply on Binance hits 3-month low, signaling strong investor demand amid price drop.

Market News
08 Jun 2026
Finbold
View Source
Bullish
pluang ai news

The supply of XRP on Binance, the largest crypto exchange, fell to a 3-month low of about 2.7 billion tokens as of June 7, down 2.38% since early March. This decline happened even during XRP's recent price drop to $1.09, indicating strong investor demand and reduced selling pressure. Historically, lower XRP supply on Binance has preceded bullish price moves. If demand continues amid this reduced supply, XRP could rebound from its current $1.16 price, though a rise in Binance reserves could increase selling pressure.

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