Binance XRP Reserve Sees Modest Decline Amid Sustained Demand

The latest data from crypto analytics platform CryptoQuant shows that the XRP reserve on Binance has dropped to $2.79 billion as of Sunday, March 22. This decline indicates that holders are transferring XRP into private wallets, which is a key signal for increased buying activity.

While this signals sustained demand from investors, it appears that institutional investors have been cautious in their investment in XRP ETFs. The recent outflow streak in XRP ETFs suggests that institutions may not be contributing to the growing demand for XRP.