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XRP Exchange Reserves Fall by 240M as Supply on Exchanges Declines

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Qadir AK

XRP reserves on Binance, Upbit and Bithumb have fallen by about 240 million XRP since late May and early June, according to CryptoQuant data. Combined reserves now stand at roughly 10.84 billion XRP, down 2.2%. Binance saw the largest decline, with its reserves falling 3.7% to about 2.62 billion XRP. Upbit remains the largest holder with around 6.4 billion XRP, while Upbit and Bithumb together hold about 76% of the tracked reserves. Lower exchange balances can reduce immediately available supply, but they do not by themselves confirm buying or future price gains.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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