CryptoQuant’s CryptoOnchain report shows XRP’s Binance balance has fallen to about 2.66 billion XRP, the lowest since July 2024, signaling a reduced pool of sellable liquidity. As of 3:35 PM KST on the 25th, XRP traded around $1.87, below the nearby resistance around $2.40–$2.60, after peaking in the $3.40–$3.60 region earlier in the rally. The broader altcoin market weakness has contributed to the tepid price action despite the tightening supply.
On-chain data appears to diverge from some technical indicators. Historically, a decline in exchange holdings is interpreted as investors moving assets to private wallets for longer-term holding, which can reduce selling pressure. With liquidity tighter, prices may respond more to modest increases in demand, while the RSI remains in a lower range, suggesting the downward momentum is waning.
Looking ahead, XRP’s direction hinges on whether the $1.80 support holds. If buyers defend this level, the reduced supply could support a swift rebound. Conversely, a break below could open the path toward around $1.50. Market participants are watching whether the supply decline signals a stabilization phase rather than a renewed bearish trend.
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