As XRP has seen a major revival of prices over the past few days, it continues to break the big foundations with major crypto exchanges.
Amid these bullish waves, XRP reserves in Binance reached levels not previously seen according to Cryptoquant data.
This has attracted investors’ interest, but its results coincided with a wide range of crypto market gatherings, with XRP trade also positively, with a major foundation for its price breaking.
Binance XRP has a reservation of nearly $3.6 billion
Data provided by the source reveals that XRP reserves reached an all-time high of 3,591,448,683 XRP on September 9th.
The hype surrounding major Altcoin continues to surge following the talk of Ripple’s recent development and the upcoming launch of XRP ETFs, but the results recorded in Binance Signals have updated market activity and boosted investors’ interest in assets.
The market had just recovered from the massive market bloodbath that saw XRP fall below $2.8 on September 8th, but the market suddenly reversed to investors’ sentiment the next day. Bullian market performance, which saw XRP return to the greenside on September 9th, also expanded its positive momentum across the Binance ecosystem.
So the exchange recorded the highest XRP reserves ever on September 9th, holding 3,591,448,683 XRP. At the time, tokens were trading at an average price of $2.947 throughout the day, projecting signs of a potential breakout.
The increased balance of designated cryptocurrency exchanges often reflects a combination of institutional accumulation, whale rearrangement and enhanced trading activities, but the XRP community is excited about this milestone.
Apart from XRP, the other top cryptocurrencies have also built incredible momentum as surges coincides with a wider wave of optimism in the crypto market. In particular, the milestones also establish XRP as one of the most actively traded tokens in binance. This marks a big mark for the XRP ecosystem as it continues to be the biggest venue for XRP liquidity around the world.
Marketwatchers are confident that XRP’s $3.6 target is approaching as the rise in XRP reserves has skyrocketed market confidence and shows signs of increased demand for assets.
