Over the past year, XRP reserves held on Binance have declined sharply. Specifically, on January 18, 2025, the total value of tokens held on Binance was $10.16 billion.
By January 17, 2026, this figure had fallen to $5.55 billion, representing a decline of approximately 45% in XRP volume over 12 months (data from CryptoQuant).
The decline in XRP reserves on Binance suggests that investors are moving their holdings to personal wallets or long-term accounts, which is typically associated with hoarding rather than short-term selling. With fewer XRP available on exchanges, any increase in demand could have a disproportionate impact on the price.
XRP is currently trading at $1.97, down 4% on the day and 3.6% on the week.
At current levels, the token is hovering above its 50-day simple moving average (SMA) at around $2.02. This position suggests that short-term price support is under threat.
The significantly higher 200-day SMA at $2.53 indicates a bearish structure, suggesting that XRP remains below its long-term trend and a sustained move higher would be required to signal a significant trend reversal.
The 14-day RSI is near 50.7 in neutral territory, indicating neither overbought nor oversold conditions.