XRP reserves on Binance hit 69-day high
- —XRP reserves on Binance: ~2.62 billion tokens, the highest since July 10-11
- —Whale inflows to Binance over 30 days: nearly 1.6 billion XRP, the highest since March
- —XRP market cap rose $1.7 billion in 24 hours to $83.9 billion
- —XRP is down 27.67% year-to-date but up 32% over 30 days
Why it matters: Rising exchange reserves may signal that whales are preparing to sell, adding pressure on the XRP price.
Source: Finbold