XRP reserves on Binance and Upbit climbed in January as price dipped below $2

Beincrypto reports that XRP exchange reserves surged in January 2026 on major platforms including Binance and Upbit while the token’s price fell below $2, raising concerns about potential sell-offs. Data from CryptoQuant cited by the report show Binance held about 2.72 billion XRP and Upbit nearly 6.3 billion XRP in January, bringing exchange reserves to almost 10% of the circulating supply.

An inverse correlation between rising Upbit balances and XRP’s price was noted: since Upbit reserves began rising in the first week of January, the price moved from $2.40 to $1.83. Whale-to-exchange transactions on Binance also increased, and XRP spot ETFs recorded only two days of outflows since their November 2025 launch—$40.80 million on January 7 and $53.32 million on January 20, the latter mainly from Grayscale’s GXRP amid a broader risk-off move tied to President Trump’s tariff threats.

Token Relations reported stronger XRP ETF trading volumes in January and growing demand for DeFi on the XRPL, noting December 2025 saw $483 million in XRP ETF inflows while Bitcoin ETFs recorded $1.09 billion in outflows during tax-loss harvesting; cumulative ETF net inflows stood at $1.23 billion as of January 23 with $1.36 billion in net assets.

Key Topics

Crypto, Xrp, Binance, Upbit, Cryptoquant, Grayscale