Perfect Storm Forms — The reduction of XRP supply on Binance May Drive XRP's Rise
The reduction of XRP supply on Binance has caught the attention of investors, as XRP approaches the launch of spot ETFs in the USA. On-chain data shows that Binance's XRP reserves are close to the lows of recent months, signaling low liquidity.
Data from CryptoQuant indicates that Binance held about 2.785 billion XRP on November 12, 2025, a decrease from the 2.795 billion the day before.
In October, Binance's XRP balance fell to approximately 2.74 billion tokens – the lowest level in almost a year. At the same time, total XRP reserves across all exchanges have been declining by about 3.4% since the beginning of October.