Binance XRP deposits surged 663% above the quarterly baseline in recent sessions, while withdrawals also climbed sharply, according to on-chain data. Reserves on the exchange reached approximately 2.6 billion tokens, the highest since June, amid a broader market rally. However, analysts caution that the buildup reflects high trading turnover rather than a wave of holders preparing to sell. XRP traded above $1.50, up over 4% in 24 hours and 9.5% over seven days, though it remains 45% below last year’s level. The Relative Strength Index moved above 70, a level often associated with overbought conditions.
Binance XRP reserves climbed to roughly 2.6 billion tokens, their highest level since June, with the token trading above $1.50 today. The buildup is unfolding during a broader market rally, though a closer look at exchange flows suggests the extra supply reflects trading turnover rather than a wave of holders lining up to sell.
According to on-chain tracking from Arab Chain, Binance’s XRP reserves reached their highest level since June, following a period of decline and a gradual recovery in recent weeks. The platform’s balance has risen to approximately 2.68 billion XRP, leaving a larger volume of tokens available for spot trading.
Arab Chain cautioned against treating the increase as an immediate sell signal. “From a market dynamics perspective, a rise in reserves does not necessarily mean that XRP holders are preparing for an immediate sell-off; rather, it reflects an increase in the volume of coins held within the trading ecosystem, providing traders with greater liquidity,” the data provider wrote.
Investors should watch this development alongside net flows, trading volume, and price action, particularly if reserves continue to climb. Meanwhile, on-chain analyst Theophiluspep offered a more detailed picture, citing CryptoQuant data showing Binance’s average daily XRP deposits running 663% above the quarterly baseline during recent sessions, with withdrawals also increasing, leaving reserves only about 0.22% above that baseline.
That combination points to substantial two-way movement, rather than a one-sided build-up of inventory on the exchange. Theophiluspep also reported that Binance netflows had turned slightly negative in the latest sessions, meaning withdrawals had begun to exceed deposits.
At the time of writing, XRP was at around $1.53 per CoinGecko, up more than 4% in 24 hours and about 9.5% across seven days. Still, it is down 45% from a year ago and almost 58% below its $3.65 all-time high recorded in July 2025, even though trading volume jumped 63% from yesterday to about $6.33 billion. Its Relative Strength Index had moved above 70, a level commonly associated with overbought conditions.
