TLDR
XRP exchange supply bottomed in late December 2025. It reached about 1.6 billion XRP on 30 Dec (UTC), the lowest since 2018 per Glassnode data reported by Cointelegraph.
- The drawdown was roughly 57% since Oct 8, 2025, per Bitcoinist.
- Binances XRP reserves fell to around 2.6 billion by mid?Dec 2025, matching July 2024 lows, per CryptoSlate.
- Some analysts dispute the 1.51.6B aggregate, citing broader exchange coverage around 1516B XRP, per TradingView.
Deep Dive
1. Date and Magnitude
The reported bottom occurred on 30 Dec 2025 (UTC), when exchange balances fell to roughly 1.6B XRP, the lowest since August 2018. This figure and date are tied to Glassnodes tracked exchanges as referenced by Cointelegraph.
- The decline is framed as a net outflow of 2.16B XRP since Oct 8, 2025, taking balances from 3.76B to 1.6B, per Cointelegraph.
- Multiple outlets echoed the late?December trough and multi?year low framing, strengthening the timing attribution, e.g., Bitcoinist.
For a popular dataset (Glassnodes coverage), the lowest exchange supply point was late December 2025. That narrows the when to a specific day and level.
2. Coverage Differences
Not all datasets track the same venues or wallet clusters, which creates different exchange supply totals and potentially shifts the apparent bottom date.
- Analysts have challenged the 1.51.6B XRP aggregate, arguing broader coverage shows ~1516B XRP still on exchanges, per TradingView.
- Exchange?specific lenses (e.g., Binance) show local troughs like ~2.6B XRP by mid?Dec 2025, per CryptoSlate.
Bottom depends on the coverage you accept. Glassnodes tracked set points to Dec 30, while broader counts may report larger totals and a slightly different timeline.
3. Implications
Lower exchange balances typically mean less immediate sell?side supply, but history shows its not a stand?alone driver of rallies.
- Reviews of prior episodes suggest low exchange supply did not consistently precede outperformance; rallies often arrived after reserves rebuilt, per CryptoSlate.
- ETF?style custody flows and off?exchange storage contributed to tightening exchange float in late 2025, per AMBCrypto.
Tight exchange supply can reduce selling pressure and set the stage for moves, but demand and catalysts still decide timing.
Confidence: moderate because provider coverage and venue inclusion differ, causing magnitude and exact-date discrepancies.
Conclusion
By the commonly cited Glassnode dataset, XRP exchange supply bottomed around 30 Dec 2025 at roughly 1.6B XRP. Broader coverage can show larger totals and slightly different timing, so the exact bottom depends on the dataset used. The late?December trough signals tightening float, but price outcomes hinge on demand and catalysts rather than supply alone.
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