XRP Exchange Reserves On Binance Fall To Six-Month Low: Selling Pressure Is Easing

XRP is testing a critical long-term demand zone below the $1.90 level as market conditions continue to deteriorate across the altcoin sector. After failing to sustain upside momentum, price action has turned increasingly fragile, with bulls struggling to defend key support levels. The structure now reflects growing weakness, reinforcing concerns that the broader market may be transitioning into a bearish phase that leaves altcoins exposed to deeper drawdowns. Related Reading: Bitcoin and Ethereum Coinbase Inflows Collapse While Binance Retains Relative Activity – Details Despite the softening price action, on-chain data is sending a more nuanced signal. A recent CryptoQuant report by CryptoOnchain highlights a sharp decline in XRP exchange reserves on Binance, even as price has continued to correct. Historically, falling exchange balances suggest that fewer tokens are being held on platforms where they can be readily sold, often pointing to reduced sell-side pressure rather than aggres