XRP (CRYPTO: XRP) is breaking above key moving averages and eyes the $2 level, but Binance exchange reserves remain steady near 2.7 billion XRP, signaling ongoing sell-side pressure that could cap the rally.
The Exchange Reserve Problem
XRP is showing a clear mismatch between price and exchange reserves.
Price is climbing, but Binance reserves remain steady near 2.7 billion XRP, meaning sell-side supply is still sitting on exchanges ready to be sold.
This setup usually signals ongoing pressure. More available supply limits upside and weakens rebounds, as buyers have to absorb constant selling.
Recent price moves also look driven by short-term trading rather than strong demand.
In past cases, XRP stayed weak with rallies failing to sustain until reserves dropped. That key bullish signal is still missing here.
As a result, the market is likely to rebalance through price rather than supply, with equilibrium forming closer to the …
