XRP Exchange Supply Ratio Drops to 2-Year Low on Binance

The XRP exchange supply ratio on Binance has hit a new 2-year low, sparking hopes of a potential price recovery for the beleaguered cryptocurrency. According to data from CryptoQuant, the metric has been steadily declining since Q4 2025, reaching a low of 0.025 in recent times.

This development comes despite the persistent bearish pressure surrounding XRP and the broader crypto market. The token's price has witnessed a significant decline of over 60% from its July 2025 peak of $3.66.

Historical data suggests that sharp declines in this metric have often aligned with XRP price downturns, but also preceded price recoveries. Notably, the last time the ratio saw this low reading was in January 2024, when XRP traded within the range of $0.5 to $0.6.

While this drop may indicate that holders are moving coins off the exchange instead of retaining them for possible sales, it does not necessarily point to an imminent supply shock. Binance still holds over 2.7 billion XRP across its top 10 wallets.