XRP is trading near $2.20 while its supply on Binance falls to the lowest point of the year, reducing sell-side pressure.
Summary
- XRP price is holding around $2.20 as Binance reserves fall to their lowest level of 2025.
- Market activity has cooled, but open interest is still rising, showing that traders are slowly rebuilding positions.
- On-chain data shows more XRP moving off exchanges amid ETF launches and upgrades on the XRP Ledger.
XRP was trading near $2.20 at press time, holding a slight 0.5% gain in the past 24 hours. The move comes as the market continues to absorb a sharp cooldown, with XRP still down 16% over the past month and about 40% below its July all-time high of $3.65.
Trading activity has softened, with the 24-hour volume sitting at $3.92 billion, down 12% from a day earlier. Derivatives flows show mixed behavior.
Futures volume is down 24% to $6.51 billion, while open interest has inched up 2.8% to $4.09 billion. The combination often appears when traders scale into positions quietly, even as spot demand slows.
XRP Binance supply drops to its lowest level of 2025
According to a Nov. 27 analysis from CryptoQuant contributor Arab Chain, the share of circulating XRP (XRP) held on Binance has fallen to an index reading of 0.0271, its lowest level of 2025. The drop shows that more tokens are being moved off the exchange and into private wallets.
This type of shift is usually associated with steadier hands preparing to hold rather than sell, and it reduces the amount of XRP that can be offloaded during volatile moves.
Despite recent price weakness, this trend has held for months. Binance’s XRP reserves have now slipped to around 2.7 billion XRP, with nearly 300 million XRP leaving the exchange since Oct. 6. Even if some of it was the result of internal re-shuffling, the steady decline indicates that users are actively withdrawing.
The timing is significant because several XRP ETFs were launched in November by issuers such as Canary Capital, Franklin Templeton, Grayscale, and Bitwise. According to the Depository Trust and Clearing Corporation data, 11 ETF tickers are still awaiting review. If they are accepted, this could result in a fresh influx of institutional capital.
At the same time, the XRP Ledger continues to grow with upgrades such as AMMs, a built-in DEX, tokenization tools, and new RippleNet integrations. On Nov. 27, Ripple’s RLUSD stablecoin won regulatory approval in Abu Dhabi, opening the door for further integrations.
XRP price technical amalysis
On the chart, XRP has pushed into the mid-range zone around $2.20–$2.25, where sellers have been active since early October. As it clings to short-term support from the 10-day EMA, which is still slightly bullish, the price is currently below the 20-day and 30-day moving averages.
Bollinger Bands show price rising back towards the middle band after bouncing off support near $1.92, suggesting that the market is trying to stabilize after the November sell-off.
While most oscillators are still neutral, momentum has slightly improved, with the MACD and Momentum indicator showing early bullish signs. The relative strength index is sitting around 48, climbing out of oversold territory but still well below any overheated levels.
If XRP clears $2.25 with substantial volume, a move towards the upper band around $2.50 might be possible. But if this level is not broken, the price may stay in a sideways range between $1.92 and $2.25.
