XRP shows resilience near $1.50 as whale accumulation and stable exchange reserves counter a 663% spike in Binance inflows, signaling potential for further upside if the 50-week moving average is cleared.
XRP saw a 663% spike in Binance inflows but reserves barely rose, indicating two-way turnover, while whale accumulation and a bullish technical setup support price recovery.
XRP is testing the $1.50 resistance level following a massive 663% surge in Binance inflows that failed to trigger a sell-off. On-chain data reveals that exchange reserves remained stable, suggesting high turnover rather than liquidation. Meanwhile, whale wallets added $2.2 billion in tokens, providing a bullish foundation despite mixed network metrics and rising leverage.
The inflows were offset by nearly equal outflows, resulting in a net reserve increase of only 0.22%. This indicates that the tokens were likely moved for trading or repositioning rather than immediate liquidation.