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US Spot ETFs Spark a Silent XRP Exodus from Binance

Recent data reveals a significant decline in XRP reserves on Binance, coinciding with the launch of the first US spot ETFs.

On-chain analytics indicate that Binance’s XRP holdings have decreased from over 3 billion XRP to approximately 2.7 billion by late November.

This nearly 300 million XRP exit from the exchange since early October is described by analysts as a bullish development for the cryptocurrency.

The arrival of institutional vehicles via spot ETFs has catalyzed increased activity in the XRP market, suggesting a shift in investor dynamics.

Each week has seen a steady decline in reserves, signaling a fundamental repositioning rather than merely operational movements within the exchange.

Such consistent outflows indicate a growing intention among investors to hold XRP in private wallets, signaling long-term confidence in the asset.

This trend could enhance price stability and market depth as fewer tokens remain on exchanges when demand increases.

Thus, the dynamics around XRP are evolving, as institutional interest grows alongside a reduced readily available supply.

If this trend persists, XRP may transition into a more structured market phase, attracting further institutional engagement.

Currently, XRP is trading at $2.24, with the potential for significant market developments on the horizon.