Despite XRP facing bearish sentiment for six consecutive weeks, on-chain data indicates that demand is on the rise. Coinpedia states that on Binance, the cryptocurrency exchange with the highest daily trading volume and the largest number of registered users, XRP reserves have dropped to a new multi-year low.
According to the data obtained by Coinpedia from CryptoQuant on November 9, 2026, as of Sunday, the 30-day simple moving average ( SMA ) of XRP reserves on Binance was 2,602,538,678.3 tokens.
In the past 30 days, the reserves of XRP on Binance have significantly decreased, with the exchange's balance falling by nearly 42 million tokens. The report states that while this altcoin has been hovering above the critical support level of $1, the reserves of XRP on Binance have shrunk by over $42 million in the past four weeks.
Historically, declines in the XRP balance on Binance have usually been associated with bullish sentiment. In addition, the contraction of reserves also reduces the number of tokens available for trading, which may simultaneously suppress selling pressure.
As investor demand picks up, how did the price of XRP perform on Monday?
Although on-chain data indicates that investor demand is on the rise, the price of XRP remains in a state of fluctuating consolidation. According to CoinMarketCap data, over the past 24 hours, this altcoin has fallen by more than 5%, to $1.09.
However, as of the time of publication, the 24-hour trading volume of this token has soared by nearly 300%, reaching $3.5 billion.
How will this crypto asset develop in the future?
The article states that the long-term prospects of this altcoin will be greatly influenced by its adoption by mainstream institutions. In addition, the token has also clearly benefited from the tokenization growth on XRP Ledger.
According to the data updated with RWA.xyz, as of the time of publication, the value of distributed assets on the XRPL network – that is, tokens representing real-world assets ( RWA ) that use blockchain as the distribution layer – has increased by nearly 30% in the past 30 days, reaching 643 million US dollars.
