Data: Binance XRP reserves fall to historic lows, institutional demand drives withdrawal surge

According to on-chain data from CryptoQuant, since October, Binance's XRP reserves have been continuously declining, currently down to about 2.7 billion, marking one of the lowest levels in the platform's history. Since October 6, approximately 300 million XRP have flowed out of Binance.

This trend is generally seen as a positive signal, indicating the formation of real demand, as investors withdraw XRP to private wallets for long-term holding. When assets are withdrawn en masse from exchanges, it often reflects intentions for long-term holding.

If this trend continues, XRP may enter a more structured phase, with institutional interest expanding. Analysts believe that this supply-demand dynamic could drive XRP prices higher.