CryptoQuant data showed XRP exchange reserves at about 11.81 billion XRP on October 17, the 99th percentile of the trailing 365 days. Analyst CryptoOnchain flagged the figure in an October 18, 2026, post. Binance XRP open interest closed at $453 million, roughly 15.8% below its earlier-month level, while long liquidations spiked.
More XRP on exchanges increases available sell-side liquidity, but it does not confirm a sell-off. The source says a leverage reset could improve conditions if spot demand returns. It also cites about $1.8 billion in cumulative net inflows to spot XRP ETFs, though daily inflows have recently slowed.
