Nearly $300 Million in XRP Leaves Binance as Investors Anticipate Bullish November Surge

Nearly 300 million XRP tokens flowed out of Binance in October, signaling growing investor confidence despite market volatility. According to on-chain data from CryptoQuant, Binance’s XRP reserves have fallen from over 3 billion to 2.7 billion tokens since early October — their lowest level since mid-2024. Similar trends have been observed across major exchanges including Bybit, Gate, HTX, and OKX, indicating that traders are moving their XRP off exchanges into long-term storage.

A decline in exchange balances typically suggests reduced selling pressure and increased accumulation, a bullish indicator for XRP. This shift is particularly notable as it occurs during one of the cryptocurrency’s historically weakest months. Data from CryptoRank reveals that XRP has ended October in the red seven out of the past twelve years, and this year is no exception — the token has dropped 7.13% so far this month. As of press time, XRP is trading at around $2.65, slightly down by 0.0289% in the past 24 hours, according to BeInCrypto Markets data.

However, November has historically been XRP’s strongest month, with average gains of about 88%. The current pattern of exchange outflows and whale accumulation suggests investors are preparing for a potential rally. Large XRP holders have reportedly added approximately $314 million worth of tokens in recent weeks, further reinforcing optimism.

Technical analysts also see signs of a major breakout ahead. XRP has been consolidating between its 2017 and 2021 highs, described as a “years-long reaccumulation phase.” Experts suggest this quiet period could precede a parabolic move. As exchange reserves decline and investor sentiment strengthens, XRP may be on the verge of a significant upswing heading into November.