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Crypto

$XRP Reserve Surge as Price Tumbles, Loses Top 4 Spot

Guavy AI Editorial Team
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USDT BNB USDC XRP
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XRP's price has been under pressure in recent days, leading to a significant increase in exchange reserves. Over 2.6 billion $XRP tokens are now available for sale on Binance, according to data from CryptoQuant.

This surge in supply is attributed to the growing sell pressure and heightened volatility in the market. As XRP's price remains unstable, investor confidence has been shaken, causing a rapid drawdown in value.

XRP has lost its position among the top four crypto assets by market capitalization, falling to sixth place with a market cap of around $64 billion. BNB has taken over the spot, pushing XRP below both USDT and USDC.

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