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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.
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