Crypto
XRP Inflows Soar 663% as Binance Reserves Remain Stable
The XRP inflows to Binance have seen a significant jump of 663% in the week ending September 20, with an average daily volume of 21.7 million tokens.
This surge in deposits has led some to speculate that XRP may reach $1.80, but experts caution that this is still a technical scenario dependent on price strength and flows on Binance.
The reserves on the exchange have remained relatively stable at 2.63 billion XRP, indicating strong token rotation rather than accumulation on the platform.
About 1.6 billion XRP from large addresses are estimated to have joined Binance in one month, a peak since March, but it's unclear whether this represents buying or selling activity.