1d ago

CryptoQuant: 1.6 billion XRP flowed into Binance over the past 30 days, the highest since March

AI Market Summary

CryptoQuant data show ~1.6B XRP flowing into Binance over 30 days, the largest since March, which can indicate potential near-term sell-side supply but is not confirmation of selling. Elevated September XRP futures volumes (Binance leading) point to strong speculative positioning and liquidity. Market focus shifts to whether Binance reserves rise alongside price weakness (bearish) or if price holds as supply is absorbed (stabilizing).

Impact level

● Medium

Affected assets

XRP/USDT-4.58%

AI Insight · XRP/USDTAI Insight

● Neutral

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About 1.6 billion XRP has flowed into Binance over the past 30 days, marking the highest monthly inflow since March, according to CryptoQuant. Over the same period, Binance led September XRP futures trading volume at about $32.36 billion, ahead of Bybit at roughly $12.5 billion and OKX at around $11.32 billion. Analyst Ali Martinez is watching the $1.50 level and says that if it holds as support, XRP could have room to move toward $1.62.

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