Binance’s $XRP reserves just hit their lowest level since early 2024.

Back in November 2024, Binance was holding over 3.2B XRP. Today? Around 2.5B. That’s roughly 700M coins pulled off the exchange over the past 15 months.

That’s not small.

When exchange reserves drop like this, it usually means one thing: coins are moving to cold storage. Less trading. More holding. Investors positioning for the long term instead of flipping short-term volatility.

And here’s why it matters.

Lower reserves = less sell-side liquidity.

Less liquidity + fresh demand = pressure to the upside.

If demand comes back while supply on the largest exchange stays this tight, you’re looking at the setup for a potential supply shock.

Price might be choppy right now.

But structurally? This is the kind of shift that changes the game.