XRP Reserves Climb to Highest Level in a Year

TL;DR

• XRP reserves jump to 3.58B on Binance, signaling increased selling risk and weaker market demand.
• Whale deposits fall below 30-day average, offering temporary relief from intense selling pressure.
• Futures open interest remains high at $7.43B, hinting at looming volatility if positions unwind.

Binance Reserves Reach New High

XRP reserves on Binance have climbed to 3.58 billion tokens, marking a 12-month peak. This rise comes as traders move more XRP onto the exchange, often a signal of potential selling activity.