Over 700M XRP exited Binance in 48 hours, slashing reserves by 80% and raising major liquidity and custody questions.
XRP futures on CME hit $542M volume in a month, with 45% coming from outside the U.S., signaling global institutional demand.
XRP holds firm at $2.20 as market cap hits $129.69B, supported by bullish sentiment and steady on-chain activity.
Over 700 million XRP were withdrawn from Binance on June 15 and 17, cutting reserves by over 80% in just two days. The dramatic drawdown has set the focus again on XRP's liquidity composition, institution flows, and implications for managed exchange flows.
Binance XRP Outflows Reach Unprecedented Levels
According to a post by Steph_iscrypto, XRP’s exchange reserve on Binance dropped steeply from 2.8 billion to 0.5 billion. The collapse happened within 48 hours, marking one of the fastest XRP outflows on record. This shift comes after months of reserve stability ranging from 2.8 billion to 3.2 billion tokens.
XRP’s exchange balances remained relatively unchanged for nearly six months before this abrupt withdrawal wave occurred. From October 2023 to early June 2025, Binance held a significant portion of global XRP liquidity. That balance has now eroded, leaving a visibly thinner supply on centralized platforms.
Despite that, the value of XRP has remained constant at $2.10 during the transition. This indicates that, even as reserves fell, the underlying structure of the market and demand absorption were not affected. Whether tokens migrated to cold storage, institutional custody, or OTC environments is being closely tracked.
XRP Futures on CME Signal Institutional Demand
XRP’s growing institutional relevance is also reflected in its expanding derivatives market. According to a report by TheCryptobasic, CME XRP futures surpassed $542 million in volume just one month after launch on May 19. Over 24,600 XRP futures contracts have already changed hands.
https://twitter.com/thecryptobasic/status/1937532959763923360
Notably, approximately 45% of this trading activity originated in markets elsewhere than the United States. This number indicates XRP's widespread appeal and the global demand for regulated cryptocurrency exposure. CME’s inclusion of both standard and Micro XRP futures has allowed institutional-grade access to XRP’s price movements.
This future's growth closely parallels the timing of XRP’s reserve exodus from Binance, pointing to shifting liquidity flows. While Binance’s holdings diminish, new institutional strategies using CME futures appear to be ramping up. Such dual movements underline XRP’s evolving market structure and utility.
XRP Market Metrics Show Resilience and Momentum
As of June 24, XRP has been at $2.20, with a 5.41% 24-hour gain, having a steeply bullish trend. The price jumped from $2.05 to $2.19 during the day and has held onto those gains well into the night.
XRP has a market cap of $129.69 billion, a 5.41% rise, further cementing its position as a top-ranked cryptocurrency. The 24-hour transaction value is $4.33 billion, up 1.98%, reflecting higher involvement from both retail and institutional investors.
The current circulating quantity of XRP is 58.93 billion coins, with a maximum supply of 100 billion. The long-term supply of about 41% of the total supply is locked, and future dynamics could be influenced by a long-term shortage. Fully diluted valuation (FDV) is $220.05 billion, emphasizing the future market value of XRP.
Community sentiment around XRP continues to favor the bulls. With over 1.1 million votes, 88% are bullish, and only 12% reflect bearish expectations. This crowd consensus mirrors confidence in XRP’s structure, its network utility, and price potential heading into Q3 2025.
XRP’s volume-to-market cap ratio is recorded at 3.36%, a figure that points to healthy liquidity despite reduced centralized reserves. XRP remains ranked 4th globally, supported by a profile score of 65% according to CoinMarketCap’s proprietary metrics. These values collectively indicate a firm technical base and ongoing investor interest. The consistency across XRP’s on-chain activity, futures volume, and price strength is reinforcing its significance in today’s maturing digital asset economy.
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