XRP Is Vanishing From Exchanges: Supply Ratio Drop Hints At A New Bid

XRP is experiencing a notable outflow from Binance, a trend observed by CryptoQuant. This exodus is indicated by a decreasing "supply ratio" on Binance, suggesting holders are moving towards private custody. A CryptoQuant contributor, Darkfost, highlights this shift as a potential sign of accumulation after a significant price correction. The Binance XRP supply ratio decreased from 0.027 to 0.025 in ten days, with approximately 200 million XRP leaving the platform. This data point is significant because it indicates reduced sell-side availability on the most liquid exchange. CryptoQuant acknowledges that not all large transfers are organic, as exchanges may move funds for operational reasons. However, the use of public custody infrastructure allows for differentiation between internal adjustments and user-driven withdrawals. Darkfost suggests this trend might reflect investors taking a longer-term perspective as XRP has corrected around 40% this year. This combination of a price correction and reduced exchange supply is a key indicator of potential accumulation phases. The analysis does not forecast price movements, but focuses on observed on-chain activity. As of the time of the article, XRP was trading at $1.4161.