XRP Holdings on Binance Drop by $284 Million Amid Ongoing Market Volatility

The XRP supply on Binance decreased significantly over the past 10 days, indicating a substantial withdrawal of funds from the exchange. According to data from CryptoQuant, the number of XRP tokens held by Binance dropped from 2.75 billion to 2.55 billion on February 9, 2026.

This decline in exchange-held assets corresponds to approximately $284 million worth of XRP at its current market price of $1.42, as per token price data from CoinMarketCap. The exchange's XRP supply ratio fell from 0.027 to 0.025 during the period, suggesting reduced immediate selling pressure.

CryptoQuant contributor Darkfost described the move as a classic sign of accumulation, indicating that investors are moving their holdings to self-custody solutions rather than keeping them available for quick trades. This pattern has previously preceded price recoveries in past cycles, but analysts caution that momentum remains fragile due to ongoing market volatility.

Recent price actions in the broader crypto markets have failed to break key resistance levels, with Bitcoin struggling to surge past $70,000. Market observers note that whale inflows to the exchange earlier in the year could offset the withdrawal trend if selling resumes.