TL;DR:
- Upbit users deposited 53,658 XRP tokens in the last 24 hours, while on Binance, deposits reached 491,183 units.
- Total XRP reserves on Upbit have risen to 6.495 billion tokens, representing 40.25% of the total supply on exchanges.
- The asset’s price is in a consolidation range near $1.39 at the close of this edition, on May 4, 2026.
The steady increase in supplies across major exchanges has caused the XRP market to face a phase of technical uncertainty. Recent ecosystem data indicates that the accumulation of assets in exchange wallets is generally related to lower bullish conviction from both retail and institutional holders.
š $XRP Exchange Holdings Update ā May 3, 2026
š° Total Exchange Balance: 16.14B XRP
š 24H Change: -2.29M XRP (-0.01%)
š Since Feb 2025: -3.04B XRP (-15.83%)š Top 10 Exchanges by XRP Holdings
Upbit ā 6.50B XRP (+53.6K)
Binance ā 2.55B XRP (+491K)
Bithumb ā 1.83B XRP (-907K)ā¦ pic.twitter.com/NhLCxgvEgW— ChaCha (@chachakobe4er) May 3, 2026
Since February 2025, Upbit’s net holdings recorded an increase of 509.4 million tokens, a figure valued at approximately $708 million based on current market prices. This trend is mirrored on Binance, where, since February 24, 2025, reserves of the crypto-asset grew by 1.762 billion units, according to information shared by analysts on platform X.
Reserve Dynamics on Binance and Upbit
The concentration of assets on these two platforms could intensify the current bearish sentiment. Industry data indicates that Binance holds approximately 16% of the total XRP supply available on centralized exchanges, with a reserve reaching 2.549 billion tokens at the time of this report.
Analysis of these movements suggests that the market should be cautious. A technical report projects that the asset’s price could remain in a consolidation phase around $1.39 through the second week of May 2026. This projection is based on financial intelligence models that analyze incoming liquidity versus selling pressure in the order books.
On the other hand, the analysis shared by specialist Egrag Crypto indicates that the token remains within a multi-month correction. His technical evaluation reveals that the price could seek support levels near $0.95 before attempting a new expansion phase toward previous all-time highs.
Market Outlook and Critical Levels
It is possible that the current market sentiment could be invalidated if a trend shift in user behavior is observed. If investors on Binance and Upbit begin a process of withdrawing to cold wallets, the available selling pressure would decrease, which presents itself as a necessary catalyst for any sustained price recovery.
It is worth noting that the XRP ecosystem maintains stable metrics despite the pressure on exchanges. Nonetheless, analysts suggest monitoring the $1.48 resistance level, as surpassing it could mitigate short-term negative projections.
The next verifiable milestone for market participants will be the May monthly close, which will determine if the asset manages to maintain its technical structure above the key supports established during the first quarter of the year.
