Markets· ★★★· neutral·

Binance received 177M XRP in a week, but reserves rose only 0.34%

  • —Average XRP inflow to Binance was 21.7 million per day over the week
  • —Largest deposit was 91.2 million XRP on September 11
  • —Binance reserves rose only 0.34% to 2.63 billion XRP
  • —XRP RSI at 57.44, resistance at $1.49
Why it matters: Rising turnover without reserve accumulation reduces the risk of an immediate sell-off, but a break above $1.49 will determine XRP's next direction.
#XRP
Source: AMBCrypto
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