XRP Exchange Reserves Drop by 240M as Selling Pressure Fades

Crypto market data shows that XRP reserves on major trading platforms have dropped by about 240 million tokens since late May and early June. Figures from CryptoQuant indicate that combined holdings on Binance, Upbit, and Bithumb now sit at roughly 10.84 billion XRP. This represents a decrease of 2.2 percent over the period.

Binance recorded the largest drop among the group, with its token reserves shrinking by 3.7 percent down to roughly 2.62 billion XRP. Meanwhile, Upbit still holds the largest share of the tracked exchange supply.

When exchange reserves fall, it usually means holders are moving their coins to private wallets for long term storage. Traders often watch this metric closely because lower exchange balances can mean less immediate selling pressure on the open market.

Market participants will be watching closely to see if this trend continues. If more tokens keep leaving exchanges, it could create a tighter supply dynamic when demand picks up.