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XRP Price Drops Amid Binance Reserve Decline and ETF Inflows

Guavy AI Editorial Team
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BNB XRP
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XRP's price has been under pressure near the $1.30 level despite shifting market positioning, as indicated by Binance reserves and ETF flows.

A decline of roughly 500 million XRP coins left Binance, bringing its monthly average reserves to levels last seen in February 2024, according to CryptoQuant's Darkfrost.

The drop comes after a significant price correction from $3.66, representing a 63% drawdown, and just as the XRP price closed out August with a 30% gain.

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