Binance XRP Reserves Reach Three-Month High Amid Price Recovery

XRP's reserves on Binance have reached a three-month high of approximately 2.683 billion tokens, according to recent data.

This marks a significant increase from its lowest point in August when it fell to around 2.60 billion XRP, and represents the highest level since late June.

The rise in Binance's XRP reserves has been accompanied by a broader recovery in the token's price, which has moved back towards the $1.50 resistance area.

While higher exchange balances can support market liquidity, it also means there is a larger quantity of tokens available for trading, potentially leading to increased selling pressure if demand weakens.