Crypto analyst Xaif Crypto has identified a major shift in XRP ownership patterns on Binance, pointing to a recent surge in large token withdrawals by significant holders. Fresh on-chain data reveals that wallets moving more than one million XRP now constitute the majority of Binance’s daily XRP outflows, indicating a possible tightening in the exchange’s available supply.
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AAPLXRP whales dominate Binance outflows
According to figures sourced from CryptoQuant, transfers of over one million XRP currently account for 55.3% of all XRP leaving Binance on a daily basis. Outflows in the range of 100,000 to one million XRP represent 24.5%, while transactions between 10,000 and 100,000 XRP make up 14.7% of total outflows. Wallets moving less than 10,000 XRP contribute just 5.3%.
Xaif Crypto shared a chart highlighting these trends and interpreted the data as an ongoing withdrawal by the largest market participants. The analyst suggested that these significant players are securing their tokens in private holdings instead of leaving them on the exchange.
Wallets transferring more than one million XRP now drive over half of Binance’s XRP outflows. The largest holders are steadily moving their assets off the exchange, dramatically reducing circulating supply.
Accompanying the chart was analysis that the exchange supply ratio for XRP on Binance has collapsed to 0.03, with less XRP now available for immediate sale on the platform. Xaif Crypto believes these dynamics could set the stage for increased market sensitivity in the event of heightened demand.
Exchange supply hits multi-year low
Xaif Crypto further highlighted that the contraction in Binance’s exchange supply ratio for XRP may lessen short-term selling pressure. The analyst argued that as large holders move their coins off-platform, fewer tokens remain accessible for instant trades, potentially contributing to price compression if demand stabilizes or rises.
The CryptoQuant-sourced chart tracks both XRP price changes and outflows from major Binance wallets over the past year. It shows that, despite ongoing volatility in XRP’s value, high-value transfers from large wallets have consistently been the predominant factor in overall exchange withdrawals.
This ongoing shift reflects a broader trend in digital asset management, as investors increasingly prioritize control over their assets and limit custodial risk from centralized exchanges. With the Binance XRP supply ratio now at a historical low, market observers are watching for signs of potential supply constraints or changing price momentum.
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Community weighs in on shifting on-chain trends
Several prominent figures in the XRP community have responded to the recent on-chain developments. XRP GURU noted that whale withdrawals now surpassing 55% of Binance’s XRP outflows may signal a tightening supply, while emphasizing the continued drop in the exchange supply ratio as a sign of lessening sell pressure.
Crypto Khaleesi echoed this sentiment, summarizing the trend with an observation that Binance’s XRP reserves are steadily shrinking.
While these figures show a growing dominance of large XRP withdrawals, analysts caution that such moves do not guarantee a specific price outcome. Nevertheless, Xaif Crypto encourages investors to monitor major wallet activity and exchange supply closely as the broader digital asset market evolves.
The declining supply of XRP on exchanges paired with significant whale activity marks a development that market participants are watching with heightened interest.
Many in the industry believe that ongoing tracking of these on-chain shifts is crucial as investors look for early indicators that could influence XRP’s market trajectory in the coming months.
