XRP Binance Supply Rises to 2.61 Billion Tokens

XRP News

On-chain exchange data shows XRP available for sale on Binance reached 2.61 billion tokens by Saturday, Aug. 8, extending a week of heavy deposits. The build-up coincided with a sharp drawdown that pushed the token's market value to about $64 billion and moved it to sixth place among digital assets. BNB overtook the XRP market-cap position, while USDT and USDC also ranked ahead as stablecoins retained larger capitalizations. After repeated dips, price action briefly stabilized near $1.04, but the reserve increase suggests sellers retained access to liquid supply. Our reading of this flow is that the token remains vulnerable to renewed bear market pressure unless withdrawals reduce exchange balances.

XRP Ledger developers are preparing Confidential Transfers, a privacy feature proposed in the XRPL 3.3.0 software release, aimed at institutional token movements. The design would keep accounts and token categories visible while concealing balances and payment amounts, using zero-knowledge proof methods to validate transfers without revealing values. The feature is primarily built for Multi-Purpose Tokens, which can represent funds, bonds and other financial instruments. Network data shows about $1.38 billion in real-world assets on XRPL, including $845.7 million in RLUSD. Excluding that stablecoin, more than $530 million in tokenized assets from issuers such as Ondo, VERT Capital, Archax and Société Générale remain on the network.

Institutional demand through U.S. spot XRP ETFs has slowed sharply while the Digital Asset Market CLARITY Act waits for Senate action. Monthly net inflows reached $131.94 million in May, then fell to $59.46 million in June and $27.29 million in July, a 79% contraction from the peak. The bill cleared the House 294-134 in July 2025 and advanced 15-9 from Senate Banking in May 2026, but the August recess pushed the earliest realistic floor window to Sept. 14. With Republicans holding 53 seats, supporters need at least seven Democratic votes for cloture. Majority Leader John Thune still intends to file the cloture motion before the break, while prediction markets put 2026 enactment odds near 17%, down from 82% in February.

Alongside the XRPL 3.3.0 cycle, developers introduced an On Chain Cosigner proposal and a technical cleanup package. On Chain Cosigner would allow multiple parties to participate in one transaction flow under native ledger rules, reducing reliance on outside tools for shared approvals. The fixCleanup3_3_0 bundle consolidates freeze and deep-freeze checks for pseudo-account transfers across VaultDeposit, VaultWithdraw, AMMDeposit, AMMWithdraw, LoanBrokerCoverDeposit and LoanBrokerCoverWithdraw operations. It also addresses hybrid offers removed from permissioned order books when access rights lapse and corrects quality calculations where Automated Market Maker liquidity had been improperly included. Additional refinements target single-asset vaults and lending protocols. Five earlier changes, including Clawback, became permanent parts of the protocol rather than separate amendments.

Beyond privacy and cleanup, XRPL 3.3.0 proposes six institutional amendments. Batch would package as many as eight transactions in an all-or-nothing execution, while Sponsor would let one account pay fees and reserve requirements for another. Permission Delegation would authorize counterparties to submit only defined transaction types, and Dynamic MPT would let issuers adjust Multi-Purpose Token attributes after issuance. The release also includes optimizations that may reduce memory use by 10% to 15%. None is active yet: activation requires support from at least 80% of trusted validators for two consecutive weeks. The push follows the Aviva Investors July launch of a tokenized U.S. dollar liquidity fund share class on the ledger, adding to RWA from Ondo, VERT Capital, Archax and Société Générale.

Price action shows the market absorbing that regulatory and flow uncertainty. XRP slipped to $1.01 before recovering toward $1.03 and briefly touching $1.04, leaving traders focused on the $1 level through August. Roughly $9.6 million in leveraged positions were liquidated, with long traders taking most of the loss. Daily activity rose 3.3% to $1.37 billion, while the altcoin remained down 2.3% for the week and 5.6% for the month. Sellers have defended $1.06 to $1.08, with $1.12 and $1.18 the next upside zones. A loss of $1 would expose $0.97, then the $0.65 to $0.85 area. Polymarket assigns a 68% chance that XRP reaches $1 or below this month, versus about 13% for $1.20 or higher.

COINOTAG analysis ties these threads together: exchange supply and the ETF slowdown show near-term fragility, with price far below an all-time high benchmark, while XRPL release notes signal a longer institutional infrastructure push. The official XRPL 3.3.0 changelog lists Confidential Transfers, Batch, Sponsor, Permission Delegation, Dynamic MPT and fixCleanup3_3_0, while On Chain Cosigner advances as a related proposal, with Clawback and four earlier amendments now permanent. Activation is not automatic: amendments require 80% support from trusted validators for two weeks, and no activation block or date is set. For node operators, the immediate impact is monitoring rather than mandatory consensus changes, but validators adopting the release will determine whether these features reach mainnet before the next legislative window.