XRP holders withdraw coins; Binance scarcity index hits multi-year high
XRP exchange supply tightens on Binance as scarcity index hits 0.59, a 2024 high; price holds near $1.35
Binance data points to shrinking sell-side supply for XRP. Price still sits around $1.35.
Arab Chain flags a 0.59 scarcity reading, the highest since 2024. The metric signals fewer coins available for immediate sale on Binance, with outflows to private wallets rising according to CryptoQuant.
Historically, this gauge was deeply negative during peak selling and heavy exchange inflows. The move into positive territory suggests sellers are stepping back and longer-term holders are absorbing supply source.
The report frames it as an accumulation phase. The setup holds if sentiment improves and exchange balances keep contracting source.
Price action hasn’t flipped trend. Intraday, XRP trades at $1.3510, up 1.75%, after a $1.3279 open and $1.3669 high.
The chart still shows lower highs since the July 2025 peak near $3.90. February’s capitulation wick to $1.15 set the defended floor, not yet a base.
MAs confirm pressure. The 50‑day crossed below the 100‑day and both slope down toward $1.60–$1.80. The 200‑day trends lower near ~$2.10.
A daily close above $1.45 is the level to start arguing for base-building over continuation lower.
- Scarcity index on Binance 0.59, 2024 high CryptoQuant
- Price $1.3510, +1.75%, range $1.3279–$1.3669
- Key levels $1.15 floor, $1.45 reclaim trigger
- 50/100‑day MA death cross, 200‑day near ~$2.10
