Binance he saw a great decline in it XRP images in a three-day window, its value on the platform drops by $200 million.
In that line, the value of XRP held on the exchange reached about $4.08 billion on April 17 before crossing to about $3.862 billion by April 19, a difference of $224 million, according to the chain. data taken by Finbold from CryptoQuant on April 20.
The drop coincided with a drop in the spot price of XRP from around $1.476 to $1.395 at the same time.
The correlation movement shows the decrease in the storage cost is driven by the spread cryptocurrency market selling rather than removing major brands.
However, the magnitude of the decrease is interesting because such a large decrease in a short period of time may indicate the outflow of foreign wallets or the increase in trading activity on Binance.
In particular, lower reserves on major exchanges may tighten long-term supply, which could add to the downside if the sell-off continues.
However, if some moves indicate a change in restraint, it could support the long-term outlook. Meanwhile, price action remains soft, indicating caution.
Meanwhile, the drop in price from a slight touch above $1.50 on April 17, the first time XRP reached the level of speculation in 2026, shows the continued resistance and insecurity in profit-making.
The price of XRP
At press time, XRP was trading at $1.42, down about 0.6% in the past 24 hours, while over the week, the stock is up about 6.6%.
As things stand, a crypto currency it is hovering near the end of its most recent consolidation phase.
Notably, XRP has given back a significant portion of the gains recorded earlier in the month, and technical indicators are showing mixed signals, with support concentrated around the $1.35 and $1.38 area.
At the same time, the spread of the broader cryptocurrency market remains limited, with Bitcoin (BTCand Ethereum (The price of ETH) showing low sensitivity, which has led to the altcoin’s poor performance.
