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Ripple Price Bearish Warning: XRP Reserves Climb to Highest Level in a Year


Ripple Price Bearish Warning: XRP Reserves Climb to Highest Level in a Year

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TL;DR

  • XRP reserves jump to 3.58B on Binance, signaling increased selling risk and weaker market demand.
  • Whale deposits fall below 30-day average, offering temporary relief from intense selling pressure.
  • Futures open interest remains high at $7.43B, hinting at looming volatility if positions unwind.

Binance Reserves Reach New High

XRP reserves on Binance have climbed to 3.58 billion tokens, marking a 12-month peak. This rise comes as traders move more XRP onto the exchange, often a signal of potential selling activity.

Read the article at CryptoPotato

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In This News

Coins

$ 0.99964

+0.53%

$ 0.209

$ 0.000161


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