XRP Reserve on Upbit Collapses to 2-Month Low of 6.4B

The XRP exchange reserve on Upbit, Korea’s largest crypto trading platform, has declined to a new 2-month low amid consistent withdrawals.

Notably, XRP remains under selling pressure as the broader market downturn pushes the token to $1.08, leaving it down 70% from its previous peak. While the price continues to struggle, on-chain data shows that the amount of XRP held on exchanges has also declined. 

Upbit Records Its Lowest XRP Reserve Since May

The latest data shows that Upbit’s XRP reserve has dropped to about 6.43 billion XRP, its lowest level since May.

The exchange last reached a recent high of roughly 6.515 billion XRP on May 30. Since then, its holdings have fallen by around 85 million XRP, marking a decline of about 1.3% from that peak.

Even after this drop, Upbit still holds much more XRP than the other exchanges included in the data. With approximately 6.43 billion XRP, the exchange currently holds about 2.47x as much XRP as Binance, confirming its large share of the exchange reserves.

Binance and Bithumb Move in Different Directions

Meanwhile, Binance has also seen a drop in its XRP holdings. The exchange held about 2.60 billion XRP on July 24, compared with its 2026 high of roughly 2.80 billion XRP recorded on March 17.

This means Binance’s reserve has fallen by around 200 million XRP, or about 7.1%, from its March peak.

However, Bithumb has followed a different path. Specifically, its XRP reserve now stands at approximately 1.83 billion XRP, putting it close to the level it recorded on May 30. 

Essentially, the latest figures show three different trends. Notably, Upbit has fallen to a multi-month low, Binance remains well below its March high, while Bithumb has returned to nearly its late-May reserve level.

It is important to note that a decline in exchange reserves does not automatically explain where the tokens have gone. The data does not show whether holders moved XRP into self-custody, transferred it to other exchanges, or shifted it through other market channels.

Sellers Regain Control of XRP Price

Alongside the reserve data, XRP’s recent price action suggests that sellers have regained control after the token failed to hold above its recent $1.16 local high reached on July 21.

Since hitting that level, XRP has posted three straight intraday losing candlesticks and remains on track to record a fourth consecutive daily loss. At its current price of $1.08, the token has fallen by nearly 7% from the July 21 high.

Momentum indicators also show weakening buying strength. On the daily chart, the Relative Strength Index (RSI) has continued to decline after reaching 56.78 on July 22. The indicator now stands at 45.18, showing that bullish momentum has weakened over the past few trading sessions.

If sellers keep control of the market, XRP could revisit the July 13 low near $1.05, where the token previously found initial support. This possibility comes as exchange reserves continue to move lower.

Meanwhile, XRP has traded inside a descending channel since July 2025. The pattern could eventually push the token toward the channel’s lower trendline in the $0.8 to $0.9 range. This area may provide support, mark the cycle bottom, and set the stage for a recovery that ends the current downtrend.