XRP’s Market Dynamics: A Closer Look at Exchange Reserves and Institutional Interest
Insightful Analysis from Industry Leaders
In recent developments, on-chain data has revealed a dramatic shift in the cryptocurrency market, particularly concerning XRP. The digital asset’s reserves on major exchanges like Coinbase and Binance have significantly dwindled, raising eyebrows and sparking debate. This decline is intertwined with circulating rumors that BlackRock, a titan in asset management, is discreetly acquiring substantial quantities of XRP through these crypto platforms.
XRP Supply on Coinbase: Decline Amidst BlackRock Acquisition Speculations
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The conversation around XRP’s availability on Coinbase took a sharp turn when crypto analyst Ledger Man brought attention to the issue. His observations on the dwindling reserves of XRP on Coinbase have led to widespread speculation about potential large-scale acquisitions by BlackRock. Ledger Man proposed that this drastic reduction might be indicative of significant off-exchange accumulation.
According to Ledger Man, BlackRock’s interest in XRP could be substantial, with estimates suggesting ownership of 200 to 400 million XRP, provided these withdrawals align with institutional buying strategies. Although these claims remain unverified, the dramatic 90% plunge in XRP’s availability on a leading US exchange like Coinbase suggests either aggressive moves towards self-custody or substantial institutional transfers, with the latter being Ledger Man’s preferred theory.
BlackRock’s growing presence in the digital asset space makes these speculations plausible. Over time, the company has progressively increased its stakes in the cryptocurrency sector, leading to conjecture that it might expand beyond its existing Bitcoin and Ethereum offerings. Despite previous rumors of a forthcoming XRP ETF by BlackRock, these have been debunked, yet the potential remains intriguing.
XRP’s established role in enhancing cross-border financial transactions and its multifaceted applications make it an attractive candidate for long-term investment strategies. Institutions like Goldman Sachs have shown interest in such assets, although they are inherently speculative and volatile.
Binance’s XRP Reserves: A Sharp Drop to 2024 Levels
Mirroring the trend on Coinbase, Binance’s XRP reserves have also seen a significant decline, hitting their lowest since 2024. Market analyst Ripple Bull Winkle, referencing data from CryptoQuant, reported a staggering withdrawal of 700 million XRP from Binance since its peak in late 2025.
This massive outflow, which equates to hundreds of millions of dollars at current valuations, has stirred discussions about the intentions of major holders. Whether this indicates a shift towards long-term holding or preparation for imminent trading remains unclear.
Ripple Bull Winkle emphasized the typical market behavior of selling on exchanges while moving assets off-platform for retention. Thus, the reduction in exchange reserves might suggest a decrease in immediate selling pressure on XRP.
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