> At a Glance
> – 2.69 billion XRP now sits on Binance, up 0.30% in 24 h
> – Open interest drops 3.61% to 1.96 billion XRP
> – Spot price falls 3.28% to $2.12
> – Why it matters: Rising exchange reserves signal mounting sell pressure that could extend the token’s first 2026 decline.
XRP’s new-year glow is fading fast. After a blistering Q4 2024 rally, the token has posted its first daily loss of 2026 as traders move coins onto Binance and futures bulls retreat.
Exchange Stockpile Swells
Data from CryptoQuant shows 2,692,600,000 XRP now resides in Binance wallets-an overnight jump of 0.30%. The build-up is widely read as an early warning that holders are preparing to cash out.
- Exchange reserves climbed steadily since the rally cooled.
- A larger on-exchange supply typically precedes deeper price drops.
- Sellers appear to be locking in profits after months of volatility.
Futures Market Loses Steam
The bearish tilt is mirrored in derivatives. Across all platforms, active XRP futures contracts now total 1,960,000,000 tokens, down 3.61% in the last 24 hours.
| Metric | 24 h Change | Current Value |
|---|---|---|
| Open Interest | -3.61% | 1.96B XRP |
| Spot Price | -3.28% | $2.12 |
| Binance Reserve | +0.30% | 2.69B XRP |
Declining open interest signals waning confidence among leveraged traders, reinforcing the broader downward momentum.
Key Takeaways
- XRP’s first 2026 pullback is accompanied by a surge in Binance reserves.
- A 3.61% slide in open interest shows futures traders closing positions.
- The token trades at $2.12, its lowest mark since the December surge.
With both spot sellers and derivatives traders heading for the exit, XRP’s near-term path looks clouded-unless fresh demand emerges to absorb the Binance wall of supply.
