XRP Price Surges Past $1.50 Amid 663% Increase in Binance Deposits

XRP's price has surged above $1.50 as its exchange activity continues to drive momentum, setting a new price target around $1.80.

The number of average daily XRP deposits on Binance has increased by 663% from the quarterly baseline, reaching approximately 21.7 million tokens during the week ending September 20.

Notably, this surge in deposits has not led to an increase in available XRP tokens on exchanges, suggesting that buyers are absorbing the incoming supply.

XRP reserves on Binance have remained relatively stable at around 2.63 billion XRP, with only a modest 0.34% weekly increase.