Binance XRP balances jump 16M in April as users favor USDC

Published: 2026-05-11 16:33:04 |

Binance XRP balances rose sharply in April, with net user holdings increasing by 16.09 million XRP. Binance’s proof-of-reserves shows the exchange’s on-chain XRP total climbed from 2.587B tokens at the start of April to 2.603B by month-end, reaching 2,630,051,340 XRP by May 1. The XRP reserve ratio was reported at 101.01%, indicating coverage above liabilities. The data also points to a “regulation-prep” shift. Ahead of U.S. legislative discussions tied to the CLARITY Act, Binance users reduced USDT balances by $385.84M (down 1.10%) and increased USDC by $547.55M (up 6.29%). USDC’s reserve ratio rose to 106.66%. Liquidity released from USDT flowed mainly into USDC, while a portion was redeployed into major altcoins—adding over 16M XRP to exchange addresses. For traders, Binance XRP accumulation alongside stronger USDC liquidity can support XRP’s sentiment in the near term, while ETF inflows into U.S. spot XRP products (net $81.59M in April, plus $34.21M in early May) add additional demand signals.

Bullish

This news is bullish for XRP because it shows exchange-level accumulation and improved perceived liquidity quality. Binance XRP holdings increased by ~16.09M in April, while USDC’s reserve strength improved as users rotated from USDT into USDC. That combination often coincides with stronger “risk budgeting” by traders: they park more collateral in regulated, liquid stablecoins, then deploy a portion into target assets like XRP. In addition, the article notes unusually strong net inflows into U.S. spot XRP ETFs (81.59M in April; 34.21M in early May). Historically, when ETF demand rises while exchange reserves also rise, it tends to reduce sell pressure and can extend upward momentum—particularly if spot price is already trading in a tight technical range. Short-term: sentiment may improve and support dips as more XRP liquidity sits on-exchange. Long-term: if the stablecoin shift continues alongside ongoing U.S. regulatory clarity, it could keep institutional-friendly rails in place, sustaining demand for XRP-related exposures. However, this is data-driven, not a guarantee of price direction, so volatility remains possible.