The Currency analytics
By Pankaj K
Over the past year, Binance has experienced a noticeable reduction in its XRP holdings, with billions of dollars in the cryptocurrency moving off the exchange.
On-chain data from Glassnode highlights that XRP's current market structure resembles that of early 2022 when prices significantly dropped. At that time, XRP prices fell from $0.
Since mid-2025, the $2 price level has triggered substantial realized losses, according to Glassnode.
Despite reaching a multi-month high above $2.40 earlier this month, XRP has recently declined, losing its $2 support and dropping to $1.84 before recovering to around $1.90.
Additionally, U.S.-based XRP ETFs reported their largest outflows this week, with significant investor activity pulling back amidst rising global tensions and economic…
In the context of market dynamics, analyst Egrag Crypto observes a pattern of compressed price action in the XRP/BTC pairing, alongside tight moving averages.
The ongoing changes in XRP supply on exchanges and market conditions remain a focus for investors as they navigate the evolving landscape.
The decline in XRP holdings on Binance coincides with broader market trends affecting cryptocurrencies.
Furthermore, the interplay between XRP's price movements and investor sentiment is evident in the behavior of large holders.
Despite the current price volatility, some analysts maintain an optimistic outlook for XRP. They point to the potential for increased adoption of Ripple's technology in…
Egrag Crypto's analysis of the XRP/BTC chart underscores the importance of technical indicators in assessing market trends.
Market analysts have noted that the shifting dynamics in XRP supply on exchanges like Binance could have broader implications for liquidity and trading strategies.
In the context of market sentiment, the recent outflows from U.S.-based XRP ETFs, which reached record levels this week, underline the cautious approach investors are adopting.
Furthermore, the psychological impact on XRP holders is becoming evident, as noted by Glassnode.
The recent activity surrounding XRP has sparked discussions among market analysts about the potential implications for the cryptocurrency's future trajectory.