XRP Reserves Drop on Binance as Price Fights to Hold Support

Binance currently holds about 2.61 billion XRP tokens, a level not seen since February. While a drop in exchange reserves often suggests that investors are moving assets into private wallets to hold, the price of XRP has struggled recently. It spent weeks sliding toward the $1.06 level before staging a minor recovery over the last 24 hours.

Market data shows that sell orders have dominated the spot market as XRP moved down from higher price points earlier this year. The current Cumulative Volume Delta score remains negative, indicating that selling pressure has outweighed buying activity. Experts note that a shift in this data is necessary to confirm a true change in investor sentiment.

Despite the recent 3.7% jump, bringing the token to roughly $1.11, the broader trend shows a 7% decline over the last month. Analysts are divided on what happens next. Some warn that losing the $1.08 support level could trigger a fall toward $0.87, while others believe this price action represents the final stage of a long correction before a potential rally.

For now, market watchers are keeping a close eye on trading volume and support levels. Investors are waiting for a clear sign of sustained buying demand to determine if XRP can break out of its current slump or if further downward pressure is on the way.