Crypto Exchanges
By James Thorp
1 / 15
Buyers Are Eating the Supply. So where did all those tokens go? Basically, straight into buyers' hands.
2 / 15
What the Reserve Data Actually Says. The 0.22% reserve increase above the quarterly baseline is worth sitting with for a second.
3 / 15
The $1.80 Target and What Gets It There. Traders are watching $1.80 as the next meaningful level. Getting there from $1.
4 / 15
XRP punched through $1.50. And the numbers behind that move are hard to ignore.
5 / 15
Daily average inflows on Binance hit roughly 21.7 million XRP tokens during the week ending September 20, per CryptoQuant data.
6 / 15
The gap between what's flowing in and what's accumulating on the exchange is the telling part here. Normally, a flood of deposits would push visible supply up and weigh on price.
7 / 15
What that pattern probably means: buyers are absorbing new tokens almost as fast as sellers drop them on Binance. It's not a slow grind.
8 / 15
Not a guarantee of anything. But it's a setup traders pay attention to.
9 / 15
The 0.22% reserve increase above the quarterly baseline is worth sitting with for a second. Binance holds roughly 2.63 billion XRP.
10 / 15
That's the core dynamic driving the bullish read here. It's not that XRP suddenly got a major fundamental catalyst — there's no new partnership or regulatory ruling cited in the…
11 / 15
Read also: Binance Acquires $100M Stake in Circle, Secures Voting Rights and Five-Year Deal
12 / 15
Whether that continues is unclear. Inflow surges can fade fast. If sellers keep depositing and buyers slow down even slightly, reserves will start building and price pressure…
13 / 15
Still, the immediate price response was clean. Five percent in 24 hours, a clear break above $1.50, and an intraday print of $1.59. That's real movement, not noise.
14 / 15
Traders are watching $1.80 as the next meaningful level. Getting there from $1.59 means another roughly 13% move. Not huge in crypto terms, but it's not automatic either.
15 / 15
The math on reserves is probably the clearest signal to track. If Binance's XRP holdings stay flat or drift lower while inflows remain elevated, that's a sign buyers are still in…
The Currency Analytics
Want the full story?