XRP News Today: XRP Reserves on Binance Plunge 80% in Two Days Amid Institutional Shifts

Over 700 million XRP were withdrawn from Binance on June 15 and 17, cutting reserves by over 80% in just two days. This dramatic drawdown has raised significant questions about XRP's liquidity composition, institutional flows, and the implications for managed exchange flows. The withdrawal occurred after months of reserve stability, during which Binance held a significant portion of global XRP liquidity. This balance has now eroded, leaving a visibly thinner supply on centralized platforms.

Despite the significant outflows, the value of XRP has remained constant at $2.20. This stability indicates that the underlying structure of the market and demand absorption were not affected by the withdrawal. The tokens may have migrated to cold storage, institutional custody, or over-the-counter (OTC) environments, and this shift is being closely tracked by market analysts.

XRP's growing institutional relevance is also reflected in its expanding derivatives market. 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, with approximately 45% of this trading activity originating from markets outside the United States. This 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 futures 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. 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 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.