Sharp Decline in XRP Reserves Observed on South Korean Exchanges Upbit, Binance, and Bithumb

1. Upbit's XRP reserves dropped to approximately 6.43 billion XRP, the lowest level since May, down 85 million XRP since May 30 peak. Newsworthy Reliable Neutral
2. Binance holds about 2.60 billion XRP as of July 24, down 7.1% or 200 million XRP from its peak of 2.80 billion XRP on March 17. Newsworthy Reliable Neutral
3. Bithumb's XRP reserves measured roughly 1.83 billion XRP, close to its May 30 holdings, showing no significant change. Relevant Reliable Neutral
4. Upbit holds about 2.47 times the amount of XRP compared to Binance, indicating high relative XRP holdings among examined exchanges. Relevant Reliable Neutral
5. CryptoQuant notes changes in XRP reserves on Upbit and Bithumb are key indicators for assessing XRP’s liquidity sourced from exchanges. Relevant Reliable Neutral
6. Decrease in XRP reserves on exchanges does not necessarily imply withdrawals from personal wallets, according to CryptoQuant. Relevant Reliable Neutral

Type: standard news · Analysis confidence: 95%

Used in syntheses

• OpenAI forecasts XRP at $1.35 by Q3 2026 • Ripple drives $1.4B ETF inflows and new institutional tools • Upbit and Binance XRP reserves drop • XRP Ledger logs 1M AI transactions • Price near $1.09 with cautious sentiment