XRP Scarcity on Binance Reaches Highest Level Since 2022 – Here is What It Means

XRP’s Binance Scarcity Index has climbed to 2.1, its highest reading since 2022, even as the token extends its October selloff into November 2026. The gauge tracks liquid supply constraints on Binance, the largest crypto exchange by daily traded volume, signaling that available XRP on the platform is tightening relative to demand. The divergence between the price decline and rising scarcity suggests investors are withdrawing or holding tokens rather than selling into the weakness. Market participants will watch whether the supply squeeze eventually feeds through to price or spot volumes on Binance, and whether the index sustains its elevated level in the coming sessions.