XRP Sell-Off Fears Grow as Exchange Reserves Hit Yearly High
XRP exchange reserves climbed to roughly 11.81 billion tokens, the 99th percentile of the past year, according to CryptoQuant. The rise has revived concerns about selling pressure. XRP trades near $1.31, and the reserve data suggests the next move depends on where these tokens go. Why Exchange Reserves Matter for XRP Exchange reserves are the The post XRP Sell-Off Fears Grow as Exchange Reserves Hit Yearly High appeared first on BeInCrypto.
Key Takeaways
- XRP exchange reserves climbed to roughly 11.81 billion tokens, the 99th percentile of the past year, according to CryptoQuant.
- The rise has revived concerns about selling pressure.
- XRP trades near $1.31, and the reserve data suggests the next move depends on where these tokens go.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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