Binance Sees Surge in XRP Reserves Amid 32% Price Rally

XRP's market capitalization has surged by $1.7 billion to reach $83.9 billion, driven in part by its reserves on Binance hitting a 69-day high of approximately 2.62 billion tokens.

This significant increase coincides with a 32% price rally over the past month and nearly 27.67% year-to-date drop.

Whale inflows are also up, with around 1.6 billion XRP moved to Binance in the last 30 days, its highest level in six months.

The rising reserves suggest whales are accumulating XRP on Binance for potential trading activity, potentially signaling increased market participation ahead.