XRP price has traded higher on Saturday as exchange balances on Binance dropped to their lowest level in more than a year. The token gained over 4.5% in 24 hours and hovered near $1.50 during the session. The move came as the broader crypto market rose nearly 1.8% to a total capitalization of $2.4 trillion.
Despite the rebound, the XRP price remains down about 35% over the past month. The asset had moved sideways for several days before bulls pushed prices toward the $1.50 level. Market participants are now watching whether the recovery can extend beyond immediate resistance.
On-chain data showed a decline in XRP reserves held on Binance, especially after RLUSD went live on the crypto exchange. According to analyst CryptoOnchain, balances fell to roughly 2.5 billion coins. He noted this was the lowest level recorded since early 2024.
Back in November 2024, Binance held more than 3.2 billion XRP. This means nearly 700 million coins have left the exchange over the past 15 months. CryptoOnchain wrote that falling reserves reflect reduced sell-side liquidity.
Source: X
He stated that declining exchange balances are often seen as a sign of accumulation. Investors may be moving assets into self-custody rather than preparing to sell. Lower supply on exchanges can tighten available liquidity if demand increases.
The latest price jump coincided with broader short liquidations across crypto markets. Data from Kalshi Traders showed that $150 million worth of crypto shorts were liquidated in 24 hours. Forced buying from short closures can contribute to upward price movement.
XRP also benefited from improved sentiment after Bitcoin traded above $70,000 and Ethereum surpassed $2,000. As larger assets stabilized, traders rotated into altcoins, including XRP. The token tested the $1.50 resistance zone during the rally.
As of press time, the XRP price remains below its recent monthly highs but has posted a strong daily candle. A sustained move above $1.55 may open the path toward higher resistance near $1.80. However, a failure to hold above $1.45 could lead to a retest of lower support levels.
Institutional interest has also drawn attention. According to a report by Evernorth, Goldman Sachs has disclosed holding $152 million worth of XRP ETFs as of the end of Q4 2025. According to Evernorth, that amount represented nearly 14% of net XRP ETF inflows over the past year.
Evernorth CEO Asheesh Birla discussed the company’s focus on XRP and the XRP Ledger. During a livestream, he described XRP as infrastructure built for real-world financial operations. He said the company plans to deploy its XRP treasury across settlement flows and tokenized assets.
The broader macro environment also remains uncertain, with discussions around a potential U.S. government shutdown having created caution in financial markets.
