XRP holds near $1.49 despite rising sell-side pressure on Binance
- —Binance XRP scarcity index dropped from 0.77 in July to -0.94, lowest since January 2025
- —Binance reserves stand near 2.6 billion XRP versus 3.27 billion in November 2024
- —Daily deposits exceeded the quarterly average by 663%, yet reserves rose only 0.22%
- —Binance buy-sell ratio at 0.94 shows aggressive sellers slightly outweighing buyers
Why it matters: More readily tradable supply raises the risk of sell pressure, but without sustained reserve growth it remains a warning rather than a price forecast.
Source: Cointribune
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