XRP Inflows Surge on Binance Amid Price Recovery
On September 21, XRP climbed toward $1.50 after a significant surge in inflows onto Binance, with average daily deposits reaching 21.7 million tokens—663% above the quarterly baseline. Despite large volumes of incoming tokens, particularly on three key days overlapping with market-moving events like the failed CLARITY Act vote and Federal Reserve rate hike, XRP reserves on Binance only increased by a modest 0.22%. This suggests high two-way trading activity rather than heavy selling pressure. Whale wallets also showed signs of accumulation, as large holders added approximately 1.54 billion tokens—worth $2.2 billion—in just 96 hours according to on-chain data shared by analyst Ali Martinez. Technically, XRP is forming a rare bullish pattern near the 50-week moving average at around $1.51, with potential targets toward $1.80 if this level holds. However, mixed network metrics and rising leverage indicate that while there's optimism about short-term price movement, volatility remains high on both sides of the market.
Tickers: $XRP
Topics: Binance on-chain inflows price movement XRP