$1.32 billion worth of XRP left Binance in the last 30 days. Steph is Crypto (@Steph_iscrypto) shared the data on X and pointed to a steep decline in XRP reserves on Binance. His post included a chart that tracked the drop from early November through early December.
The chart showed a clear fall in exchange balances during that period. It also showed price movement that stayed close to the reserve line, which added weight to his message about rapid outflows.
💥BREAKING:
$1.32B $XRP LEFT EXCHANGES IN 30 DAYS. pic.twitter.com/7zbmjfzZdu
— STEPH IS CRYPTO (@Steph_iscrypto) December 10, 2025
Exchange Supply Drops as Market Participants Accumulate
The reduction in supply on exchanges signals strong demand. Traders often move holdings off exchanges when they plan to keep positions for a longer period or place them in custody. This pattern suggests that accumulation strengthened through November and early December.
The market saw heavier outflows near the middle of the chart, with the reserve line dipping below $5.6 billion before recovering slightly. The trend stayed firm even as XRP moved between $1.95 and $2.15.
Whales appear active in this shift. Large holders tend to move significant amounts when they build positions. The recent drop in reserves aligns with this type of behavior. Whale accumulation reduces liquidity on exchanges. The effect becomes sharper when outflows continue at a steady pace.
Rising Institutional Demand through Spot ETFs
Interest from institutions has also increased due to the XRP spot ETFs in the market. These products need direct XRP purchases to support inflows. As assets enter ETFs, issuers must acquire more tokens. This process removes supply from exchanges.
Recent flows indicate that demand remains healthy. XRP supply on exchanges has shrunk significantly in 2025. If ETF inflows continue at the current pace, exchange reserves could fall further.
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The combination of whale activity and institutional participation creates a tight market. Reserves cannot rebuild if outflows exceed deposits. The past month indicates that deposits have not kept up. The reduced supply puts more pressure on XRP’s price in periods of strong buying.
Potential for a Supply Shock
If outflows remain heavy, XRP could face a supply shock. A supply shock occurs when high demand meets low available volume. The current trend points toward that scenario, as Binance’s reserves stay far below levels seen in early November.
If deposits stay low, the market may tighten further. Strong ETF inflows or renewed whale buying could add to the pressure, and the resulting supply shock could send XRP to new heights.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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