The Great XRP Exodus: Here’s How Much Is Left On Crypto Exchanges
XRP is quietly going by one in every of its most dramatic provide adjustments in years, and it’s occurring away from price charts and headlines. The actual change is going on in crypto exchanges, as on-chain knowledge reveals a gentle and chronic drawdown of XRP balances on these platforms.
The newest knowledge from CryptoQuant highlights simply how pronounced this pattern has change into, with trade reserves now sitting at their lowest level in a number of years.
Exchange Reserves Breakdown After Year-End
The sample of XRP exodus on crypto exchanges is seen on main buying and selling venues, significantly Binance, which accounts for a big share of XRP liquidity. The CryptoQuant chart tracking the amount of XRP held on crypto trade Binance reveals a transparent back-and-forth motion by 2024 and 2025, which ultimately culminated in a pointy drop into early 2026.
Between 2024 and early 2025, centralized crypto exchanges collectively held effectively above 3 billion XRP of their reserves. That determine has since fallen to the two billion XRP vary in late 2025, with some temporary spikes that had been shortly reversed. Interestingly, the newest knowledge reveals that trade balances have fallen additional originally of 2026.
However, XRP balances on Binance had been nonetheless elevated as 2025 got here to a detailed, holding regular above 2 billion XRP tokens by the ultimate buying and selling days of the 12 months. At the time of writing, on-chain knowledge from CryptoQuant reveals that the entire XRP has dropped to about 1.85 billion tokens, down from roughly 2.65 billion XRP on December 31, 2025. That represents an exit of almost 800 million XRP from the trade throughout the first 5 days of 2026.
Glassnode Data Shows Even Fewer Tokens On Exchanges
An even tighter image of XRP’s trade provide will be seen by Glassnode knowledge highlighted on X by an account generally known as BULLRUNNERS. A chart shared on X by BULLRUNNERS reveals that XRP balances throughout all exchanges could also be far decrease than many merchants notice.
Reacting to the information, the account famous that only one.44 billion XRP is left on crypto exchanges. The chart reveals a steep drop in XRP reserves from above 1.53 billion XRP to 1.44 billion XRP inside the newest buying and selling periods.
Reduced provide on exchanges can have an effect on value reactions and is bullish for cryptocurrencies, at the very least in principle. Interestingly, XRP value’s motion is beginning to react to the outflows, amongst other factors, prior to now 48 hours.
At the time of writing, XRP is now back above $2 and is buying and selling at $2.15. The significance of the continued trade outflows turns into clearer when they’re thought-about alongside the regular inflows into Spot XRP ETFs, which, to this point, haven’t recorded a single day of internet outflows since launch.