Ripple XRP Scarcity on Binance Hits Highest Level Since 2022 as Reserves Jump by 280M: What Does the Weekly Chart Say?

Ripple XRP traders received conflicting signals from Binance on Thursday, November 5: CryptoQuant data indicated that the exchange’s XRP Scarcity Index reached its highest level since 2022, while simultaneously showing a 280 million token surge in XRP reserves over a two-day period.

One indicator suggests XRP is becoming scarcer on Binance, while the other indicates the exchange recently acquired a significantly larger supply.

CryptoQuant contributor Amr Taha noted that the scarcity index climbed to roughly 2.1 following a period below zero throughout September and October. Concurrently, Binance’s total XRP holdings expanded from 2.35 billion tokens on November 3 to 2.63 billion tokens on November 5.

XRP Binance Scarcity Index Hits Highest Level Since 2022

“This signals growing scarcity of ripple:native on the exchange and a decline in the amount of supply available for trading compared with previous periods.” – By @ArabxChain

Link https://t.co/rAIJfb8RcH pic.twitter.com/HXmfCjviF2

— CryptoQuant.com (@cryptoquant_com) November 5, 2026

This activity traces back to events from the previous week. On October 29, a hacker stole 233.46 million XRP from Binance within a span of five minutes, with the stolen coins subsequently split across six fresh wallets by Monday.

At 12:55 UTC, XRP traded at $1.3025 on Binance, marking a 24-hour gain of 2%.

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So is XRP really getting scarce, and does the weekly chart agree?

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What Is CryptoQuant’s Data Saying About Ripple XRP?

The metrics indicate that less XRP is currently prepared for trading on Binance, even as the overall volume of tokens held by the exchange increases. These two measurements track separate phenomena.

Highlighted by CryptoQuant contributor Arab Chain, the scarcity index monitors the amount of XRP readily accessible for trading on Binance. Elevated index readings reflect a diminished active trading pool. Arab Chain pointed out that any resulting price impact will still rely on underlying liquidity and buying demand.

A key detail is that 2.1 represents an index value rather than a strict percentage of total supply, meaning it does not imply that only 2.1% of XRP remains on the platform.

Meanwhile, the reserve metrics provided by Amr Taha illustrate coin movement patterns. Large transfer net flows flipped from a negative 226 million XRP on October 29—the day of the security breach—to a positive 273 million XRP on November 4.

Taha associated this sudden increase with Binance replenishing reserves following the theft, though CryptoQuant has not independently verified the original source of the incoming tokens.

These figures align closely, showing that Binance took in approximately 280 million XRP over a two-day span, slightly surpassing the 233.46 million XRP extracted by the hacker.

The central question is whether these newly added coins will eventually be offered for sale, a shift that would first register on the weekly price chart.

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Ripple XRP Price Analysis: What Does the Weekly Chart Say?

Technical indicators on the weekly timeframe reveal a tightening price squeeze for XRP. Every successive weekly high since late September has fallen below the preceding one, while price lows consistently range between $1.20 and $1.26.

This pattern began the week of September 21 when XRP reached a peak of $1.6581. The current week’s high of $1.3414 marks the sixth consecutive lower weekly high.
The broader macro trend remains weighed down. XRP has recorded weekly closes beneath its 50-week Exponential Moving Average (EMA)—currently sitting at $1.4838—for 52 straight weeks, marking a full year since the week of November 10, 2025.

The 200-week moving averages outline the current boundaries:

• 200-week SMA, $1.2841: Last week concluded at $1.2507, slipping just below this line, though current weekly action has pushed back above it.
• 200-week EMA, $1.3704: Represents the initial notable overhead resistance and sits near the threshold required to invalidate the ongoing streak of lower highs.
• 20-week EMA, $1.3273: XRP is currently trading a few cents beneath this moving average.

Market volatility can materialize rapidly, as demonstrated in August when XRP experienced a 72% weekly swing—moving from $0.9882 to $1.6999 during the week of August 17 before settling at a close of $1.5204.

For the scarcity spike to genuinely impact the technical outlook, it must translate into tangible buying pressure. A weekly close above $1.3704 would serve as an initial bullish indicator, setting up a test of the 50-week EMA, a level that has remained unchallenged by a weekly close for an entire year.

Until then, Ripple XRP remains locked in a tight price compression, with the 280 million tokens recently deposited onto Binance serving as the key supply metric to monitor.

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