Binance's XRP reserves have dropped to their lowest level since February, sitting at roughly 2.61 billion tokens. The drawdown comes as XRP trades near $1.11, up about 4% over the past 24 hours, but the price action tells a more complicated story. Sellers have dominated order flow for months, and the shrinking reserve adds another layer of uncertainty for traders watching the $1.06 support zone. The reserve level is notable because Binance is the world's largest exchange by volume, and its token balances are closely watched as a proxy for market sentiment.
Reserves hit a new low
The exchange's XRP balance hasn't been this thin since early this year. While a 2.61 billion token stash is still substantial, the downward trend has caught the attention of market participants. The decline in reserves isn't happening in a vacuum. XRP slipped toward $1.06 while the balance kept shrinking, suggesting that selling pressure on Binance may be contributing to the drawdown. Some traders interpret falling exchange reserves as bullish — tokens moving to cold storage — but the CVD data complicates that narrative.
Order flow tells a story
The Binance CVD Confirmation Score sits at negative 6.93 million. That metric tracks the cumulative volume delta on the exchange, and the persistent negative reading means sellers have controlled order flow since XRP traded above $2.00 earlier this year. The CVD score is a cumulative measure of buying versus selling pressure. At negative 6.93 million, it indicates that sellers have consistently outmatched buyers for months. Every rally attempt has been met with selling pressure. It's a stark indicator that the market's short-term momentum remains bearish despite the occasional green candle.
What the charts say
Immediate resistance sits between $1.12 and $1.15. A convincing break above $1.15 could open the door to $1.30-$1.40, according to the levels traders are watching. On the downside, support is between $1.06 and $1.07. A daily close below $1.06 would likely expose the $0.95-$1.00 area, a level not seen since early this year. XRP still trades about 70% below its all-time high near $3.65, a reminder of how far the token has fallen from its peak. The next few days will be critical — if buyers can't defend $1.06, the path of least resistance points lower.
LiquidChain presale raises $900K
In a separate development, LiquidChain — a Layer 3 infrastructure project that aims to fuse liquidity from Bitcoin, Ethereum, and Solana into a single execution environment — has raised $900,000 in its presale. Tokens are currently priced at $0.0148. The project is still in its early stages, but the funding shows continued appetite for cross-chain infrastructure plays. Whether LiquidChain can deliver on its ambitious promise remains to be seen, but the presale numbers suggest there's interest.
