XRP Is Vanishing From Exchanges: Supply Ratio Drop Hints At A New Bid

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP is quietly leaving Binance at a pace that’s beginning to register in CryptoQuant’s exchange supply metrics, a pattern one CryptoQuant contributor Darkfost (X: @Darkfost_Coc)says is consistent with renewed accumulation after a sharp year-to-date drawdown. In a note published on CryptoQuant, Darkfost pointed to a steady decline in Binance’s XRP “supply ratio”, a measure of how much of the asset’s total supply sits on a given exchange as a signal that some holders are opting for custody over liquidity. Binance Ratio Slides As XRP Moves Off-Platform CryptoQuant’s framing is straightforward: rising exchange reserves often track increased readiness to sell, while falling reserves tend to reflect withdrawals into private wallets and longer time horizons. Darkfost described the current setup in plain terms: “A decline in reserves held on trading platforms suggests investors are withdrawing. Funds are moved into private custody solutions. This is the trend on Binance.” Related Reading This Korean XRP Exchange Data Has The Community Losing It 1 day ago The data point at the center of the note is the Binance XRP supply ratio over the last ten days. “Over the past ten days, Binance’s XRP supply ratio fell from 0.027 to 0.025. About 200 million XRP left the platform,” Darkfost wrote, characterizing the move as “notable” in the context of short-dated flows. XRP exchange supply ratio on Binance | Source: X @Darkfost_Coc Exchange-specific ratios matter to traders because they’re a proxy for near-term sell-side availability (and Binance the most liquid exchange ). When balances drift lower, it typically means fewer coins are sitting one click away from the order book, not a guarantee of higher prices, but a measurable shift in positioning. CryptoQuant also flagged a familiar caveat: not every large transfer is “organic.” Exchanges reshuffle wallets, rotate custody addresses, or consolidate funds for operational reasons, which can muddy any simplistic read of inflows and outflows. Related Reading What Happens If XRP Is Building Its Final Base At These Levels? 23 hours ago Darkfost argued the Binance dataset is still interpretable because public custody infrastructure provides some visibility. “Some movements may be internal reallocations. Binance publishes custody addresses, making it possible to distinguish organic user flows from operational adjustments,” the note said, suggesting the observed decline likely reflects at least some user-driven withdrawals rather than pure internal accounting. Why This Matters After A 40% Drawdown The note ties the withdrawal trend to price context without leaning on forecasts. Darkfost said XRP has “ undergone a correction of around 40% since the beginning of the year,” and that the lower levels may be drawing interest from investors positioning with a longer horizon. That combination: a material year-to-date correction alongside a measurable reduction of exchange-held supply is often what analysts look for when they’re trying to identify accumulation phases. The logic is simple: coins moved off exchanges are, by definition, less immediately liquid, and that tends to be more consistent with holding than with imminent selling. At press time, XRP traded at $1.4161. XRP must hold above the 0.618 Fib, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com