$XRP Binance Scarcity Index. Source: CryptoQuant
After remaining negative throughout September and October 2026, the metric recorded a sharp multi-day surge into significantly positive territory, marking one of its strongest upward movements in four years.
As a result, the $XRP Ledger: Exchange Reserves on Binance, 30-day Simple Moving Average (SMA), has crashed to a new multi-year low. At the time of writing, the $XRP reserves on Binance (SMA 30) hovered at around 2,602,104,093 tokens, down from 3,293,564,370 tokens 12 months ago, as per data from CryptoQuant.
$XRP reserve on Binance (SMA 30). Source: CryptoQuant
Historically, such a significant decline in tradeable tokens on Binance has preceded a renewed strong uptrend.
$XRP price performance and prediction
Although $XRP supply on Binance has been in free fall, the token’s price has capitulated by more than 18% over the past month, trading at approximately $1.23 at the time of reporting. Consequently, the altcoin had a market capitalization of about $78.1 billion.
Token’s performance on Thursday. Source: CoinMarketCap
At the time of publication, $XRP’s 24-hour average trading volume had plunged by more than 19% to $2.43 billion.
Despite the recent selloff, crypto analyst Ali Martinez expects a potential bull rally towards $2.1 in the near future, especially if the resistance level at $1.6 is broken.
4/5 Now look at the daily chart: $XRP appears to be forming the right shoulder of a potential inverse head-and-shoulders bottom.
I’m watching for a move toward the neckline at $1.60. A break above that resistance would confirm the pattern and put $2.10 in focus. pic.twitter.com/9bcXItpUlj
— Ali Charts (@alicharts) November 5, 2026
The rising scarcity of $XRP on Binance is well positioned to catalyze bullish sentiment.
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