Strongest 4-Year Scarcity Signal for XRP on Binance: Will It Reflect on Price?
Original headlineBinance’te XRP İçin 4 Yılın En Güçlü Kıtlık Sinyali: Fiyata Yansıyacak mı?
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CryptoQuant’s XRP Binance Scarcity Index, which tracks the relative scarcity of XRP supply on Binance, climbed to about 2.1, its highest reading since 2022, after rising through September and October. The gauge signals that XRP available on the exchange has tightened relative to demand, a condition that has historically preceded sharper price moves. The metric is exchange-specific and reflects Binance’s XRP balances rather than network-wide supply. Traders are watching whether the elevated scarcity reading persists and translates into sustained buying pressure on XRP.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
XRP (XRP), Binance, CryptoQuant, Fatih TAŞDEMİR, koinbulteni.com
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