Fresh data from CryptoQuant shows that XRP exchange reserves on Binance have spiked to over 3.62 billion XRP. The figure marks one of the largest single jumps in the past year. This surge comes even as the token’s price holds around $3.03. Market watcher Tom Tucker drew attention to the recent spike in XRP flowing to the Binance exchange in a tweet. Tucker argued that the large inflows of tokens indicate that whales are repositioning. He claimed such movements often suggest preparations for higher trading activity or increased liquidity to precede significant price volatility. XRP reserve on Binance | CryptoQuant Flows of XRP In and Out of Binance Interestingly, when looking at inflows of XRP to Binance during this period, the figures tell a different story. Specifically, CryptoQuant data shows only 1.8 million XRP entered Binance on August 31 and only 3.9 million entered on September 1. A large spike in inflows was observed on August 26, with 115 million XRP deposited into the exchange that day. Yet, a similar quantity in outflows was also recorded on the same day. In other words, these inflow and outflow figures fail to explain why Binance’s XRP reserves soared by over 600 million tokens between August 31 and September 1—from 2.92 billion tokens to 3.53 billion. Given the scale of the reserve spike and the lack of matching inflow data, it’s worth questioning whether a similar data reporting error—like the one observed in June across multiple exchanges—may have occurred on September 1. Notably, in the previous incident (confirmed by CryptoQuant), a drastic drop was later attributed to a technical issue. XRP Reserves Continue Climbing Since then, Binance’s XRP reserves have further increased to 3.63 billion tokens at press time. Interestingly, this spike continued even as the price of XRP improved, reclaiming the $3 mark. Moreover, the exchange has seen increased influxes of XRP in the past few days. For instance, on September 10, over 67 million XRP entered Binance; the next day, a more massive 163 million tokens entered. Interestingly, the exchange saw nearly equal volumes of outflows during the same period. XRP inflow into Binance Notably, the trend of substantial inflows and outflows on Binance has declined significantly in more recent days. Nonetheless, the exchange continues to hold a considerable trove of XRP. Coinbase XRP Reserves Plunge by 581M Tokens Separately, XRP reserves on Coinbase have dropped sharply by 581 million tokens in recent weeks. This decline has raised speculation about potential price manipulation and may be further contributing to bearish pressure on the asset. Whales Dump 200M XRP Meanwhile, additional data from Santiment highlights whales selling more XRP than buying. Market watcher Ali Martinez noted on Monday that whales offloaded 160 million tokens over the past two weeks. An earlier post on September 12 disclosed that whales dumped 40 million XRP within a 24-hour window. 160 million $XRP sold by whales in the last two weeks! pic.twitter.com/TRT7y5dSA2 — Ali (@ali_charts) September 15, 2025 What Does it Mean for XRP Price? At the moment, despite the massive volume of XRP on exchanges and the pressure from whales, the price has remained resilient, reclaiming the $3 level. This hints that buying demand is currently absorbing the extra supply. If this trend continues, it could set the stage for a strong breakout, as Tom Tucker suggested in his commentary on the trend. Yet, continued heavy selling may cause the market to experience short-term downward pressure before any sustained rally.