XRP Price Stalls Despite Record-Low Binance Reserves

Binance's XRP reserves have reached their lowest level since February, according to CryptoQuant data. At the start of July, they fell to approximately 2.61 billion XRP.

This decline suggests that investors are moving tokens off trading platforms, reducing the amount of XRP readily available for sale on Binance.

Despite this reduction in exchange-held supply, XRP's price has not rebounded. It actually fell to around $1.06 over the same period.

Liquidity, trading activity, and investor sentiment remain the primary factors influencing XRP's performance, rather than lower exchange balances alone.