TLDR:
- The XRP exchange bid index on Binance fell from 0.027 to 0.025 in the last ten days.
- Approximately 200 million XRP was withdrawn from Binance, reflecting a clear accumulation trend.
- XRP has corrected almost 40% since the beginning of 2025, attracting buyers to lower price levels.
- Analysts distinguish organic user withdrawals from internal Binance transfers using public wallet data.
The XRP exchange bid index on Binance has recorded a notable decline over the past ten days. The data shows that the metric fell from 0.027 to 0.025 during this period.
This move resulted in approximately 200 million XRP leaving the platform. Analysts see this trend as a sign of renewed accumulation among longer-term holders.
The asset has also undergone a correction of around 40% since the beginning of the year, which has attracted increased attention from investors looking for entry points.
The decrease in reserves points towards accumulation behavior
Foreign exchange reserve data is one of the most reliable tools for reading investor sentiment. When reserves rise sharply, it often means that holders are moving assets to platforms with the intention of selling them. However, when reserves fall, the narrative shifts towards accumulation and long-term holding.
On-chain analyst Darkfost noted that the current movement of the XRP exchange offer ratio on Binance is worth watching.
The ratio measures the proportion of the total XRP supply held on a specific exchange. Over ten days, that ratio fell significantly, pointing to sustained withdrawal activity.
As reserves dwindle, investors are moving their XRP into private custody solutions instead of holding them on trading platforms.
This behavior reflects stronger conviction, as assets held in personal wallets have less immediate liquidity. It also reduces the short-term selling pressure visible in the open market.
The 40% price correction that XRP experienced since the beginning of the year appears to be attracting buyers at lower levels.
For longer-term participants, the current price range may represent an attractive accumulation zone. This context adds weight to the withdrawal trend observed on Binance.
Distinguish organic flows from internal exchange activity
Not all movements in exchange reserves reflect the direct behavior of the user. Exchanges like Binance regularly transfer funds between internal wallets for operational reasons.
However, platforms of this scale typically publish their escrow addresses publicly, allowing analysts to separate internal transfers from user-driven flows.
This transparency makes it reasonably possible to identify organic accumulation trends. When withdrawals cannot be traced to known internal addresses, they are more likely to represent genuine user activity. That distinction is important when concluding data on reserves.
Based on current readings, Binance’s exits appear to reflect actual investor positioning rather than an internal reallocation.
Analysts tracking these directions suggest that the moves align with typical accumulation patterns. Therefore, the data supports the interpretation that some participants are actively building positions.
Over time, sustained withdrawal trends like this tend to reduce the available sell-side liquidity on exchanges. That dynamic can shift the balance between supply and demand if buying interest increases.
For now, the XRP Exchange Bid Index continues to serve as a key metric for monitoring market sentiment.
