Binance XRP Inflows Explode 663%, Prices Surge Above $1.50

XRP inflows on Binance have surged to unprecedented levels, reaching an average of 21.7 million tokens per day during the week ending September 20, a 663% increase from its quarterly baseline.

This sharp rise in deposits has sparked interest among traders and investors, with XRP climbing above $1.50 and reaching an intraday high near $1.59.

Despite the significant increase in inflows, Binance's XRP reserves have remained relatively stable, suggesting that buyers are actively absorbing the incoming supply.