XRP News Today: XRP Reserves on Binance Hit Record Lows as 300M Tokens Exit Amid Rising U.S. ETF Demand

XRP reserves on the Binance exchange have fallen by approximately 300 million tokens since early October, reaching about 2.7 billion tokens, one of the lowest levels recorded. This significant outflow coincides with the launch of the first U.S. spot XRP ETFs from issuers like Canary Capital, Franklin Templeton, Bitwise, and Grayscale, signaling a shift toward institutional adoption and regulated market structures.

While the XRP price is consolidating between $2.15 and $2.30, facing resistance from key moving averages, the reduction in liquid supply on centralized exchanges suggests underlying accumulation by long-term holders. However, on-chain activity metrics, such as daily active addresses, show a prolonged decline, indicating mixed sentiment. Analysts suggest that if ETF volumes continue to grow and exchange supply remains tight, this structural tightening could provide indirect support for the XRP price.

(Source：Brave New Coin)