Cryptocurrency analysis firm CryptoQuant reported a notable divergence. $XRP Reserves across major exchanges. According to the data, Upbit $XRP Binance’s reserves remain around $200 million, but reserves have fallen to their lowest level since May $XRP This is below the peak recorded in March.
amount of $XRP Balance held on Upbit decreased to approximately 6.43 billion $XRPThis marked the lowest price since May. The exchange’s reserves reached approximately $6.515 billion at its peak. $XRP On May 30th. Therefore, upbit’s $XRP Balance decreased by approximately 85 million $XRPsince its peak, is 1.3 percent.
Upbit’s $XRP Reserves remain high compared to other major exchanges surveyed. According to current data, Upbit holds approximately 2.47x more volume. $XRP It was held on Binance.
Binance’s $XRP Reserves are approximately 2.6 billion $XRP As of July 24th. This amount is 200 million $XRPor about 7.1%, below the 2026 peak of about 2.8 billion people. $XRP Recorded on March 17th.
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Bithams $XRP Reserves were also measured at approximately 1.83 billion $XRP. This level is close to the reserve level recorded by the exchange on May 30th. Thus, there were significant differences between the three exchanges. Upbit’s reserves have fallen to their lowest level in months, while Binance is still below its March high and Bithumb has returned to its level at the end of May.
Considering Upbit and Bithumb’s relatively high stock prices, CryptoQuant said: $XRP The changes in holdings and reserves on these platforms across the exchanges studied provide important metrics to evaluate. $XRPexchange-derived liquidity structure.
However, the company noted that a reduction in provisions is not necessarily the case. $XRP It’s taken out of your personal wallet.
*This is not investment advice.
