XRP Reserves on Binance Hit 3-Month High as Price Breaks $1.50

Binance XRP deposits ran about 663% above their quarterly baseline, while withdrawals also rose substantially in recent sessions. XRP reserves on Binance have climbed to roughly 2.6 billion tokens, their highest level since June, with the token trading above $1.50 today. The buildup is unfolding in the middle of a broader market rally, though a closer look at the exchange flows suggests the extra supply has more to do with trading turnover than a wave of holders lining up to sell. Binance Reserves Climb, But Data Tells Two Slightly Different Stories According to on-chain tracking from Arab Chain, Binance’s XRP reserves reached their highest level since June, following a period of decline and a gradual recovery in recent weeks. The platform’s balance has risen to approximately 2.68 billion XRP, leaving a larger volume of tokens available for spot trading. But Arab Chain cautioned against treating the increase as an immediate sell signal. “From a market dynamics perspective, a rise in reserves does not necessarily mean that XRP holders are preparing for an immediate sell-off; rather, it reflects an increase in the volume of coins held within the trading ecosystem, providing traders w...