The supply of XRP, the native token of XRP Ledger (XRPL), on Binance has dropped to a 3-month low.
The XRP reserve on Binance, the largest cryptocurrency exchange by traded volume, declined to 2,704,061,448 tokens on June 7, down from 2,770,107,147 units on March 5, 2026. As such, the XRP supply on Binance dropped by 66.05 million units, a 2.38% decline over that period, according to data from CryptoQuant analyzed by Finbold on June 8.
The largest decline phase in XRP reserves happened between May 12 and May 24, despite the token’s bearish sentiment. During its recent price capitulation to a low of $1.09, its Binance supply continued to decline, signaling strong investor demand.
Historically, when the net supply of this token on Binance declines, the altcoin has experienced bullish sentiment due to reduced selling pressure, and vice versa.
What’s next for XRP price amid reduced Binance supply
The notable decline in XRP reserves on Binance could help ease its selling pressure. Further, the token’s price has dropped more than 36% year-to-date (YTD), trading at about $1.16 on Monday.
If the token experiences further demand amid reduced supply on Binance, a near-term rebound could occur. However, if the token’s reserves on Binance increase over the coming weeks, the altcoin could experience further selling pressure.
From a technical analysis standpoint, the token’s price recently broke a crucial support level around $1.36, which had served as a buy zone since early February. As such, the notable decline in the altcoin’s reserves on Binance could help the altcoin regain $1.36 as support ahead of a potential continuation of the macro bull run.
