XRP Inflows Jump 663 % While Binance Reserves Barely Move

In the week ending September 20, the average volume of XRP transferred to the Binance exchange platform reached 21.7 million tokens, 663% higher than its quarterly reference. Meanwhile, XRP surpassed $1.50, however, these inflows are not sufficient to confirm an increase towards $1.80. In Brief XRP inflows on Binance have jumped 663%, to 21.7 million tokens per day. Despite this increase, Binance’s reserves remain almost stable, at 2.63 billion XRP. The flows mainly show a strong token rotation rather than accumulation on the exchange. About 1.6 billion XRP from large addresses are estimated to have joined Binance in one month. The $1.80 threshold remains a technical scenario, still dependent on price strength and flows on Binance. XRP Deposits Reach 21.7 Million Per Day The Binance exchange recorded an average of 21,718,631 XRP per day during the past week. This 663% increase indicates that these deposits represent 7.63 times their reference level, estimated at nearly 2.85 million XRP per day. Nevertheless, this average must be interpreted with caution. According to CryptoQuant data, no inflow was received on September 12, 15, 18, and 19. Some indicators were also missing for September 20. The weekly average was therefore strongly raised by a few large transfers. Your 1st cryptos with BinanceThis link uses an affiliate program. Activity observed on Binance can best be measured by four figures : Average deposits reached 21.7 million XRP per day ; Monthly inflows rose by 457 % ; Monthly outflows increased by 167 % ; Reserves reached 2.63 billion XRP, an increase of only 0.34 % over one week. Such a divergence reveals that the strong increase in deposits has not triggered a comparable accumulation in Binance wallets. Indeed, a major part of the tokens has therefore been withdrawn, exchanged, or transferred to other accounts after arriving on the exchange. Binance Reserves Remain Almost Stable Transfers to an exchange are generally seen as a potential sell signal. Thus, holders often have to send their tokens to a platform before selling them. However, a deposit does not immediately equate to a sale on the spot market. Transferred XRP can serve as collateral for derivative products, support market-making activities, or simply reflect portfolio reorganization. Internal movements between addresses belonging to the same platform can also inflate some indicators without signifying an actual investment decision. At the end of the period, Binance’s reserves stood at nearly 2.630 billion XRP. They exceeded their quarterly reference by only 0.22%, despite the surge in inflows. There is therefore strong token rotation rather than massive accumulation on the exchange platform. About 1.6 billion XRP from large addresses are also estimated to have joined Binance in one month, a peak since March.