Binance XRP outflows hit nine-month high after breach, Bitrue says

• Binance recorded single-day withdrawals of 418,500,000 XRP, worth roughly $540 million, in early November 2026—the largest outflow in nine months.
• The withdrawals pushed Binance’s XRP Scarcity Index to 2.1, its highest since 2022, reducing supply available for immediate sale.
• Security concerns following the October 29 breach, which involved approximately 233,000,000 stolen XRP, accelerated holders’ shift toward self-custody.
• U.S. spot XRP ETFs accumulated roughly $1.7 billion–$1.8 billion in net inflows by early November, though October demand softened.
• Supply constraints could support prices if buying strengthens, but outflows alone do not guarantee gains; near-term resistance remains $1.30–$1.35.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitrue Ltd published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.