XRP Balance on Binance Hits One-Year Low: What Are the Causes and Impacts?
November marked the launch of U.S. XRP ETFs. This catalyst considerably boosted market demand for XRP. It additionally performed an important position in serving to XRP resist promoting stress pushed by the total destructive market sentiment.
This shift left a number of notable on-chain indicators. Analysts interpret these indicators as a constructive signal for XRP to keep up its upward momentum.
How Did ETF Demand Drive XRP Accumulation on Exchanges in November?
On-chain information from CryptoQuant, as of November 27, 2025, indicated that the XRP stability held on Binance had dropped to a 12-month low of two.71 billion XRP.
A more in-depth take a look at the chart indicated that Binance’s XRP reserves started declining after November 14. Approximately 100 million XRP was withdrawn from the change. This part aligned exactly with the official launch of spot XRP ETFs in the United States.
SoSoValue information additionally confirmed that from November 14 onward, 4 XRP ETFs — Canary, Bitwise, Grayscale, and Franklin — recorded constructive internet inflows for nine consecutive days. As a outcome, the complete belongings held by these ETFs exceeded $670 million.
Buying stress is anticipated to strengthen additional in the coming days. Analysts anticipate that the 21Shares XRP ETF will quickly be listed.
CryptoQuant analyst Darfost famous in his newest evaluation that the sharp decline in XRP reserves on Binance, following the launch of a spot ETF, signifies that extra XRP is being transferred into the palms of long-term holders.
“Fewer tokens accessible on buying and selling platforms, mixed with rising institutional demand, create a doubtlessly highly effective setup. If this development continues, XRP might transfer right into a extra structured part with an increasing institutional curiosity.” Darfost explained.
However, analyst Vincent Van Code supplied a extra in-depth rationalization of the relationship between XRP ETFs and total market demand.
He argued that ETF purchases from open markets don’t at all times instantly push costs up. ETF demand should take in the quantity of XRP that Ripple unlocks from its escrow provide.
“Don’t overlook ETF managers can’t purchase XRP instantly from Ripple or from escrow as a consequence of court docket injunction. They should purchase from the open market. This means value might not rise sharply at first, as Ripple sells its month-to-month escrow whereas ETFs take in provide at an analogous tempo.” Vincent explained.
Recent evaluation from BeInCrypto emphasised the importance of the 2 USD price level. Holding above this zone might sign a basis for additional upside motion in the days forward.
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