XRP near $1 as exchange reserves fall, whales buy
XRP trades just above $1 after hitting its weakest 2026 price; exchange-held supply is shrinking, Binance withdrawals have outpaced deposits for seven days and spot ETFs logged $243 million inflows since April.
XRP is trading just above $1 after touching $1.01 on June 25, its weakest price of 2026, while on-chain indicators show falling exchange reserves, sustained Binance withdrawals and net accumulation by large holders.
On June 25 XRP reached $1.01, leaving the token about 43% lower year-to-date. The recent decline has brought the price toward an unfilled gap between $1 and $0.63 created during a rally in late 2024.
Exchange-held supply of XRP has declined across major platforms. Binance’s balance fell to roughly 2.68 billion XRP on June 25 from 2.78 billion on May 12, a withdrawal of about 100 million XRP over the past month. Upbit’s reserve dropped to about 2.48 billion on June 25 from 2.51 billion on May 31. Bybit’s holdings decreased to about 82 million on June 25 from 92 million on June 2. Binance led in absolute outflows while Bybit recorded the steepest percentage decline.
Binance has recorded more withdrawal transactions than deposit transactions for seven consecutive days starting June 17. On June 23 the seven-day share of withdrawals reached 53.8%, with deposits at 46.1%. The metric counts transaction events rather than token volume.
Large XRP holders have been net buyers over the past quarter. The 90-day moving average of whale flows stood at about 5.143 million XRP per day, reflecting continued accumulation by large wallets.
Institutional demand has also contributed to inflows. Spot XRP exchange-traded funds logged $2 million of net inflows on June 24, bringing June’s net inflows to $31 million and cumulative inflows since April to $243 million.
From a technical perspective, longer-term charts show a bearish market structure and recent price action has tested lower support levels. Crypto analyst Amr Taha noted Binance’s reserve is at its lowest level since March after roughly 100 million XRP left the exchange in the past month. Analyst Versan Aljarrah highlighted a multi-year accumulation range on weekly and monthly timeframes and projects a long-term target near $10, describing that view as a multi-year outlook rather than near-term price guidance.
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