Binance Scarcity Index for XRP Reaches a Peak Last Seen in 2022

The Binance Scarcity Index for XRP has reached a peak last seen in 2022, signaling that fewer tokens are available for trading on the exchange. Crypto commentator @ArabxChain urged traders to watch XRP price movements during the period of heightened scarcity. A separate Nov. 4 XRP withdrawal from Binance involved 418.5 million tokens, the exchange's largest single-day outflow in roughly nine months. That count measures XRP leaving Binance, while the scarcity index concerns tokens available to trade there. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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