XRP investors moved a record volume of tokens off Binance as US spot ETFs tracking the token accumulated over $1.5 billion in net inflows through July 30.
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XRP sees record Binance outflows as ETF net inflows top $1.5 billion
XRP investors withdrew a record volume from Binance as US spot ETFs tracking the token accumulated $1.5 billion in net inflows through July 30.
The outflows reduce the volume of XRP readily available for trading on Binance, the world's largest crypto exchange by volume, while ETF inflows point to sustained institutional demand for the token, according to data from the source material.
XRP traded at $1.07 as of July 29, up 2.7 percent over the prior 24 hours, according to CoinGecko data cited by the Investing News Network. The token remains 62 percent below its 2025 peak of $2.82, per market data.
The supply dynamics create a setup where reduced exchange availability meets growing institutional buying through the ETF channel, a pattern that has historically preceded price appreciation in crypto markets. Ripple's RLUSD stablecoin initiative adds another layer of token utility that could support demand beyond speculative trading.
Supply Squeeze Dynamics
The record Binance outflows coincide with a period of declining XRP price from its 2025 highs, suggesting the withdrawals are driven by accumulation rather than profit-taking. When tokens leave exchanges, the available supply for trading shrinks, which can amplify upward price pressure if demand remains steady or increases.
US spot ETFs have provided the primary channel for new institutional demand, with net inflows topping $1.5 billion. The ETF structure allows traditional investors to gain XRP exposure without directly holding the token, broadening the investor base beyond crypto-native participants.
Key Levels and Outlook
The next resistance level for XRP sits at $1.20, a break above which would target the $1.50 region, according to technical analysis. On the downside, $0.95 serves as near-term support. The sustainability of ETF inflows and the pace of exchange outflows will determine whether the supply squeeze materializes into a sustained price move.
XRP's correlation to Bitcoin, which traded at $63,580 on July 29, remains a factor. A broader crypto market rally could amplify XRP's gains, while a downturn would test the strength of the accumulation thesis.
This article is for informational purposes only and does not constitute investment advice.
[1] Record Binance XRP Exodus Signals Growing Investor Conviction as ETF Net Inflows Top $1.5 Billion[2] XRP trading remains down despite 100% stablecoin supply growth, retail participation[3] 10 biggest Bitcoin holders in the world right now, from Satoshi to U.S. government[4] Crypto Market Update: H1 Crypto Hacks Cross US$1 Billion, Blockaid Reports[5] CryptoNewsZ: Bitcoin, Altcoins, Crypto News & Updates
