XRP Withdrawals from Binance Reach 465 Million, Prompting Market Concerns

Between June 3 and June 11 2026, roughly 465 million XRP were withdrawn from Binance, driving the exchange’s XRP reserve down to about 2.6875 billion tokens—a drop of 89 million at one point. During the same period the cryptocurrency’s price slipped to a low of $1.04, and funding rates turned deeply negative, indicating that short‑sellers were paying to maintain bearish positions.

Analysts note that the sustained outflows reduce the supply of XRP available for immediate trade on one of the world’s largest crypto exchanges, raising the prospect of a supply shock if buying pressure returns. The combination of lower exchange reserves and bearish market sentiment could trigger rapid price moves upward, potentially forcing short‑sellers into liquidations that add further buying pressure.

The trend is being watched closely as a signal of investor behavior, with larger holders moving tokens to self‑custody or long‑term storage rather than keeping them on‑exchange.