XRP Reserves on Binance Hit 3-Month High as Price Breaks $1.50

Share

XRP reserves on Binance have reached approximately 2.68 billion tokens, their highest level since June, with the token trading above $1.50. According to Arab Chain data, this increase reflects greater liquidity in the trading ecosystem rather than an imminent sell-off by holders. On-chain analysis from CryptoQuant shows average daily XRP deposits running 663% above the quarterly baseline, with netflows turning slightly negative as withdrawals begin to exceed deposits. XRP was trading at around $1.53 per token at the time of writing, up more than 4% in 24 hours, though it remains down 45% from its price one year ago. The Relative Strength Index has moved above 70, indicating overbought conditions.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles