XRP Exchange Reserves Drop to 2.6B on Binance as Whales Accumulate at $2.00
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XRP reserves on Binance have hit a two-year low of 2.6 billion XRP, indicating reduced selling pressure. Despite a recent price decline of 11.2% to $2.00, data shows that buyers are regaining control in the spot market. Large traders continue to dominate order flow amidst these market shifts.
- XRP reserves on Binance have dropped to their lowest level since 2024.
- Spot market data shows buyers regaining control after a sell-dominant phase.
- Large traders continue to dominate order flow during the recent price decline.
XRP is flashing a classic supply squeeze signal as on-chain data reveals a massive divergence between price action and exchange liquidity. While the asset has corrected to $2.00; down 11.2% this month, reserves on the world’s largest exchange, Binance, have collapsed to their lowest point in nearly two years.
The shift appears in CryptoQuant metrics tracking exchange reserves, spot trading behavior, and average order size.
XRP Exchange Reserves Decline
Recent data from CryptoQuant shows XRP reserves on Binance have fallen to about 2.6 billion XRP, the lowest level recorded since 2024. Throughout most of last year, Binance held more …
Read The Full Article XRP Exchange Reserves Drop to 2.6B on Binance as Whales Accumulate at $2.00 On Coin Edition.
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XRP Exchange Reserves Drop to 2.6B on Binance as Whales Accumulate at $2.00
Share:
XRP reserves on Binance have hit a two-year low of 2.6 billion XRP, indicating reduced selling pressure. Despite a recent price decline of 11.2% to $2.00, data shows that buyers are regaining control in the spot market. Large traders continue to dominate order flow amidst these market shifts.
- XRP reserves on Binance have dropped to their lowest level since 2024.
- Spot market data shows buyers regaining control after a sell-dominant phase.
- Large traders continue to dominate order flow during the recent price decline.
XRP is flashing a classic supply squeeze signal as on-chain data reveals a massive divergence between price action and exchange liquidity. While the asset has corrected to $2.00; down 11.2% this month, reserves on the world’s largest exchange, Binance, have collapsed to their lowest point in nearly two years.
The shift appears in CryptoQuant metrics tracking exchange reserves, spot trading behavior, and average order size.
XRP Exchange Reserves Decline
Recent data from CryptoQuant shows XRP reserves on Binance have fallen to about 2.6 billion XRP, the lowest level recorded since 2024. Throughout most of last year, Binance held more …
Read The Full Article XRP Exchange Reserves Drop to 2.6B on Binance as Whales Accumulate at $2.00 On Coin Edition.
Read More
XRP Ledger DeFi Roadmap Shows Expanding Role in Financial Infrastructure