Binance’s XRP reserves have dropped to approximately 2.61 billion tokens, the lowest level since February 2026, while the Ripple token has defended the $1.06 support zone and bounced over 3% in the past 24 hours to trade around $1.11. The shrinking exchange supply is often seen as a bullish signal, but on-chain data shows selling pressure persists, with the Cumulative Volume Delta (CVD) remaining negative at -6.93 million.
Exchange Reserves Shrink as Selling Pressure Lingers
According to CryptoQuant contributor Arab Chain, Binance’s XRP stockpile has seen no meaningful inflows in recent months, keeping the reserve near its February low. A falling exchange balance typically indicates that investors are moving tokens to private wallets rather than preparing to sell, which can be bullish for price. However, XRP had been sliding toward $1.06 while reserves were draining, suggesting that liquidity, trading activity, and investor sentiment outweighed the supply effect.
The Binance CVD Confirmation Score, which blends price with Cumulative Volume Delta to track whether buy or sell orders dominate, stands at -6.93 million. This means sell orders have outweighed buys as XRP fell from above $2.00 earlier this year toward the $1.07 area. The 30-day Price-CVD Confirmation Score is near 0.84, which Arab Chain describes as reasonably healthy but insufficient to confirm a genuine shift in buying demand. A sustained move into positive CVD territory alongside a stronger confirmation score would be needed to signal a real reversal.
Price Action and Analyst Views Diverge
Despite the bearish on-chain signals, XRP’s price has improved modestly. Data from CoinGecko shows the asset trading around $1.11 after gaining about 3.7% in 24 hours, oscillating between $1.07 and $1.12. Daily trading volume jumped 31% to $1.26 billion. However, the world’s sixth-largest cryptocurrency by market cap is still down 7% over the past month and more than 61% across one year.
Market watchers remain divided on XRP’s next move. Trader Diana has identified $1.08 as a key level to watch, warning that losing it could send XRP toward the $0.90-$0.93 zone before a final flush to $0.87 macro support. Analyst CasiTrades shares a similar technical view, describing a drop toward $0.87 as the tail end of a yearlong correction. On the bullish side, Crypto Patel argues that XRP is tracing a pattern historically followed by rallies of more than 1,000%, while investor Celal Kucuker points to a 500% monthly gain two years ago as reason to expect $7 by year-end.