XRP’s exchange dynamics on Binance have become a focal point after on-chain data showed a notable rise in deposits and exchange-held supply near the $1.50 price level. According to CryptoQuant, Binance’s XRP reserves climbed to approximately 2.683 billion tokens, the highest level in three months.
The reserve build-up marked a rebound from roughly 2.60 billion XRP in August and represented the largest balance since late June. The increase placed more XRP within Binance’s trading environment, improving liquidity but also expanding the amount of tokens that could potentially be sold. CryptoQuant noted that a higher exchange balance does not automatically signal an approaching sell-off, since traders, institutions, and market makers can deposit tokens for reasons unrelated to immediate selling.
Separate flow data for the week ending September 20 showed that average daily XRP deposits on Binance reached 21.7 million tokens, a 663% increase from the exchange’s quarterly baseline. Despite this surge, Binance’s XRP reserves rose only 0.34% for the week and remained about 0.22% above baseline, suggesting that buyers absorbed much of the incoming supply rather than allowing it to accumulate as available inventory.
XRP subsequently climbed above the $1.50 resistance zone, reaching an intraday high near $1.59 and gaining more than 5% over 24 hours according to the referenced market data. Analysts now see $1.80 as the next important level. A sustained move above resistance could keep momentum elevated, while another rejection near $1.50 could expose XRP to weakness if exchange reserves continue to rise.
The combined data presents a cautiously bullish picture for XRP: significant inflows are being met with apparent demand, but rising reserves remain a supply-side factor to monitor closely.
