XRP (2.6283 ▼ -1.02%) is once again at the center of market attention after nearly 300 million XRP tokens flowed out of Binance in October a move that could signal a major shift in market sentiment.
📉 XRP Reserves Hit 2024 Lows Across Major Exchanges
According to CryptoQuant, XRP reserves on Binance fell from over 3 billion tokens to 2.7 billion since the start of October the lowest level since mid-2024.
The trend isn’t isolated to Binance. Major exchanges including Bybit, Gate, HTX, and OKX also reported declines in XRP balances, signaling a broader withdrawal pattern across centralized platforms.
📊 Source: CryptoQuant
💡 Why Exchange Outflows Matter
When tokens leave exchanges, it usually means less selling pressure and increased investor confidence.
Holders typically transfer assets off-exchange to long-term storage or staking, suggesting accumulation a behavior often seen before major uptrends.
This development is particularly notable because it comes during one of XRP’s historically weakest months.
According to CryptoRank, XRP has closed October in the red 7 out of the last 12 years, and 2025 appears to follow that pattern with a 7.13% drop this month so far.
At the time of writing, BeInCrypto Markets data shows XRP trading at $2.65, slightly down 0.0289% in the past 24 hours.
📈 November: Historically XRP’s Strongest Month
While October tends to bring pressure, November has historically been XRP’s best-performing month, averaging ~88% gains over the last decade.
With reserves shrinking and whales adding over $314 million in XRP, according to BeInCrypto analysis, the stage may be set for a potential seasonal rebound.
Large holders appear to be positioning early, anticipating a shift in momentum as November begins.
🔍 Technical Outlook: “The Calm Before the Breakout”
Technical analysts highlight that XRP remains in a long-term reaccumulation phase, confined between its 2017 and 2021 highs.
One market strategist described the current setup as “the silence before the next wave”, suggesting that a major breakout may follow once consolidation ends.
⚖️ The Bottom Line
The convergence of:
🔻 Falling exchange reserves,
🐋 Renewed whale accumulation, and
📆 Favorable historical seasonality
… paints a cautiously bullish picture for XRP heading into November.
While short-term volatility remains, on-chain signals suggest that smart money is preparing for the next big move.
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