CryptoQuant said on November 5, 2026, that its XRP scarcity index on Binance had risen to about 2.1, its highest level since 2022. The firm said the reading points to less XRP available for trading on the exchange, but cautioned that a higher index alone does not guarantee a price increase. Any impact would depend on demand, buying activity and further changes in liquidity.
CryptoQuant said the index had stayed negative throughout September and October 2026 before rising sharply. The firm also reported that inflows from large XRP holders to Binance reached about 1.6 billion XRP over 30 days in September, then declined in October.
