XRP is entering a new phase of market activity as exchange reserves on Binance fall to historic lows, coinciding with growing institutional interest and the rollout of the first U.S. spot ETFs.
Recent data shows that a steady decline in available supply has accelerated since early October, signaling a clear change in investor behavior at a time when the XRP price today continues to consolidate within a tightening range.
Institutional Demand Rises as U.S. Spot ETFs Launch
The XRP ecosystem has been notably active throughout November, primarily due to the debut of the first U.S. spot ETF products linked to Ripple XRP. Canary Capital introduced the first fund on November 13, followed shortly by Franklin Templeton, Bitwise, and Grayscale. These developments effectively shifted XRP from a standard digital asset into one supported by regulated institutional market structures.
XRP ETFs opened the session with strong momentum, reaching nearly $7 million in combined trading volume within the first 15 minutes of today’s shortened market day. Source: Diana via X
This shift has coincided with growing attention from long-term investors watching the XRP price chart and institutional participation trends.
Binance XRP Reserves Drop to One of the Lowest Levels Ever
In this rapidly changing backdrop, a sharp decline in Binance’s XRP holdings stands out. Since October 6, the exchange’s reserves have fallen by roughly 300 million XRP, leaving the platform with about 2.7 billion tokens—among the lowest levels recorded.
XRP’s growing institutional adoption, highlighted by the launch of multiple U.S. spot ETFs, comes as Binance’s XRP reserves drop to nearly 2.7 billion—one of the lowest levels ever recorded on the exchange. Source: CryptoQuant
Blockchain analysts note that while some portion of these withdrawals may stem from internal rebalancing, the consistency and magnitude of outflows point toward a broader pattern. Continuous exchange withdrawals often indicate long-term holding intentions, a trend historically associated with strategic accumulation. With fewer tokens available on centralized platforms and increasing institutional access through ETF products, the XRP current price may be receiving indirect support from supply-side tightening.
XRP Recovery Slows as On-Chain Activity Declines
Despite positive reserve data from Binance, XRP’s network metrics show mixed signals. XRP is currently trading near $2.19, holding between support at $2.15 and resistance at $2.30. This consolidation highlights ongoing indecision among traders, even as the current XRP price remains above key longer-term support levels.
XRP Daily Active Addresses. Source: Santiment
The XRP Ledger (XRPL) has seen reduced engagement for months. Data from Santiment shows daily active addresses falling from above 581,000 in mid-June to approximately 19,200 this week.
Technical Outlook: XRP Consolidates as Traders Watch Key Levels
Technical indicators reflect the mixed fundamentals. XRP trades below the 50-day EMA at $2.36 and remains capped by the 100-day and 200-day EMAs at $2.51. The descending trendline from the July 18 peak near $3.66 continues to act as a ceiling.
XRP’s relatively low volatility and historically steady price behavior suggest it is increasingly viewed as a more stable long-term asset compared to higher-risk cryptocurrencies. Source: Thetradinglord28 on TradingView
The MACD has begun to rise above the signal line, suggesting early signs of improving momentum. However, analysts stress that a breakout above the cluster of moving averages would be required to support any meaningful XRP price prediction or shift market sentiment in a positive direction. A failure to clear $2.36 could leave sellers in control over the short term.
Falling Exchange Supply Meets Expanding Institutional Access
The combination of historically low exchange reserves, a surge in U.S. ETF availability—including growing interest in a potential Grayscale XRP ETF—and steady outflows from Binance provides a compelling supply-and-demand backdrop for the asset. While trading sentiment remains cautious, the structural tightening of XRP’s liquid supply is becoming increasingly difficult to overlook.
XRP was trading at around $2.25, up 2.82% in the last 24 hours at press time. Source: XRP price via Brave New Coin
For long-term market watchers, this trend is particularly relevant for broader XRP price predictions, including XRP price forecast 2025 scenarios that consider both institutional demand and reduced float on exchanges.
As the latest XRP news continues to point toward a maturing market structure, analysts will be monitoring whether the current consolidation zone acts as a launchpad for a more sustained phase of institutional accumulation—especially if U.S. ETF volumes continue to expand in the weeks ahead.