XRP Lags Market Recovery as Exchange Reserves Expand

XRP has fallen behind in the broader cryptocurrency market recovery as its exchange reserves continue to expand.

Data from major on-chain analytics platforms shows that XRP's exchange reserves have been climbing steadily over the past week, indicating a potential precursor to selling pressure.

This trend marks a significant shift from the accumulation phase observed earlier in the year, and highlights a lack of conviction among XRP traders, even as overall market sentiment improves.

XRP remains stuck around $0.52, having tested this price point multiple times over the past month, while Bitcoin has recovered to trade above $67,000 and Ethereum has reclaimed the $3,500 level.