According to CryptoSlate, XRP exchange balances have reached their lowest levels since 2018, sparking speculation about a potential accumulation phase. Data from Glassnode indicates this decrease in exchange reserves occurred in late December. An analysis of Binance data by CryptoQuant questions whether these low reserves reliably predict future rallies. For example, Binance's XRP reserves decreased to approximately 2.6 billion by mid-December 2025, matching the July 2024 low, after peaking above 3.5 billion in early September. The analysis suggests that while supply may have thinned, previous instances of low reserves on Binance did not consistently lead to medium-term outperformance, indicating the pattern may be unreliable.

According to CryptoSlate, XRP exchange balances have reached their lowest levels since 2018, sparking speculation about a potential accumulation phase. Data from Glassnode indicates this decrease in exchange reserves occurred in late December. An analysis of Binance data by CryptoQuant questions whether these low reserves reliably predict future rallies. For example, Binance's XRP reserves decreased to approximately 2.6 billion by mid-December 2025, matching the July 2024 low, after peaking above 3.5 billion in early September. The analysis suggests that while supply may have thinned, previous instances of low reserves on Binance did not consistently lead to medium-term outperformance, indicating the pattern may be unreliable.