Key Insights

Binance’s monthly average XRP reserves have fallen by roughly 500 million tokens, returning to levels last seen in February 2024.

U.S. spot XRP ETFs recorded $110.49 million in net inflows for the week ending Aug. 28, their strongest weekly showing of 2026.

XRP is trading near a major $1.31–$1.38 support zone, while analyst scenarios place $2 as a conditional upside target.

XRP remains under pressure around the mid-$1.30 area, even as Binance reserves and ETF flows point to shifting market positioning.

CryptoQuant author Darkfost reported that Binance’s monthly average XRP reserves fell from more than 3.1 billion tokens in November 2025 to around 2.6 billion by Sept. 1. That amounts to a drop of roughly 500 million XRP and leaves the exchange balance near levels last seen in February 2024.

At the same time, U.S. spot XRP ETFs posted their strongest weekly inflows of 2026, a sign that fresh demand is still showing up even while price remains below recent highs. XRP still needs to defend nearby support and reclaim lost resistance before analyst targets near $2 become technically relevant.

500 Million XRP Leave Binance as Exchange Reserves Shrink

Blockchain analytics firm CryptoQuant said XRP reserves on Binance have fallen to levels not seen since February 2024. The report comes as XRP price closed out August 2026 with a 30% gain.

Average monthly XRP reserves on Binance have declined from 3.1 billion XRP in November 2025 to 2.6 billion XRP currently. That means about 500 million XRP coins have left the exchange. Over the same period, XRP price fell from a high of $3.66 to around $1.35, a drawdown of 63%.

CryptoQuant analyst Darkfost said Binance’s XRP reserves have historically tended to rise during price rebounds and then decline again during retracements. The broader decline could suggest that investors are moving XRP into self-custody for long-term accumulation.

The trend also lines up with the launch of spot XRP ETFs in November-December 2025, which may have required XRP purchases to meet ETF demand. CryptoQuant also noted that Binance can adjust reserves based on customer demand.

The decline in exchange reserves is a relatively positive long-term signal for XRP.

Factors That Could Support an XRP Move Toward $2

Popular crypto analyst Ali Martinez said XRP is holding key support levels as spot XRP ETFs show strength. XRP is trading above a major support zone between $1.31 and $1.38, where more than 4.8 billion XRP were previously acquired, according to the analyst. The zone could be critical during the current market correction because it marks an area where many holders already established positions.

U.S. spot XRP ETFs are also attracting more buying interest. The funds accumulated more than $105 million worth of XRP last week, adding demand during the pullback. Large firms such as Goldman Sachs are among the biggest buyers of XRP, accumulating more than 83 million coins in Q2 2026.

Despite the stronger ETF demand, the accumulation has not yet translated into major price strength. Ali Charts noted that XRP appears to be forming a bullish flag on the hourly chart while testing support.

An hourly close above $1.38 could confirm a breakout from the pattern and bring the $2 level into focus.

XRP Accumulation Trend Continues

Analyst CW said XRP’s accumulation trend remains strong. He noted that buying activity has stayed concentrated within the current range for more than two days, with XRP’s accumulation score now at 90.

In addition, XRP treasury firms have recently gained momentum as they look toward a Wall Street entry. Evernorth Holdings is positioning itself as an XRP treasury company, with more than 388 million XRP on its balance sheet. The company is now one shareholder vote away from a Nasdaq listing under the ticker XRPN.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets can experience sharp price movements.