1.6 Billion XRP Flows Into Binance in 30 Days, Highest Since March
- —About 1.6 billion XRP moved to Binance over 30 days, the most since March
- —CryptoQuant: inflows alone do not confirm selling, but warrant short-term caution
- —XRP futures volume in September: $32.36 billion on Binance, $12.5 billion on Bybit, $11.32 billion on OKX
- —Ali Martinez sees a breakout above a descending trendline with a $1.62 target if $1.50 holds
Why it matters: Rising Binance reserves alongside a weakening price would strengthen sell pressure, while holding $1.50 keeps the $1.62 target in play.
Source: CryptoPotato