🚨 Binance XRP Exodus: Reserves Hit Multi-Month Low
On-chain data shows XRP reserves on Binance have dropped to multi-month lows, signaling a strong wave of exchange outflows.
🔍 What’s happening? • Holders are moving XRP off exchanges • Suggests long-term holding / accumulation • Available sell-side liquidity is shrinking
📉 Why it matters Lower exchange reserves often mean reduced selling pressure. If demand increases, price movements can become sharper and more volatile.
📊 Key takeaway This trend reflects growing confidence among XRP holders — but price action will still depend on overall market sentiment and demand. $XRP {spot}(XRPUSDT)
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- Best Entry: Wait for pullback to 0.125-0.130 resistance for optimal Or break below 0.1105 for momentum entry - SL: 0.129-0.135 - TP: 0.092-0.085 #LUNA #LUNA2USDT