XRP has rebounded about 4% in the past 24 hours to trade near $1.11, but the sustainability of this move remains uncertain. On-chain data shows Binance's XRP reserves have dropped to a six-month low of approximately 2.61 billion tokens, suggesting accumulation as assets move off exchanges. However, weak investor sentiment and low liquidity have so far prevented the price from fully reflecting this bullish signal.
Binance Reserves Signal Accumulation
According to CryptoQuant contributor Arab Chain, Binance's XRP holdings have fallen to their lowest level since February, with almost no significant inflows since early July. This decline is typically interpreted as accumulation, where holders transfer tokens to private wallets for long-term storage. Despite this, XRP briefly dipped to $1.06, indicating that selling pressure and thin liquidity are offsetting the positive on-chain data.
CVD Remains Negative, Selling Pressure Persists
Binance's cumulative volume delta (CVD) indicator remains at -6.93 million, reflecting sustained sell dominance since XRP traded above $2 earlier this year. This suggests that the supply-demand dynamics on the exchange have not yet flipped in favor of buyers. The gap between accumulation signals and actual market flows will be key to watch.
Key Resistance at $1.15, Support at $1.06
Technically, the $1.06–$1.07 zone has acted as a support level with consistent buying interest, while the $1.12–$1.15 range has repeatedly capped upside. A sustained breakout above $1.15, backed by continued buying pressure, could open the door to the $1.30–$1.40 area. Conversely, a breakdown below $1.06 might trigger a decline toward $0.95–$1.00. XRP remains about 70% below its all-time high of roughly $3.65.
LiquidChain Emerges as Alternative
As XRP tests resistance, some investors are turning to early-stage projects with higher perceived upside. LiquidChain, a Layer-3 infrastructure project aiming to unify liquidity from Bitcoin, Ethereum, and Solana into a single execution environment, has raised about $900,000 in its presale at $0.0148 per token. The project targets cross-chain cost and inefficiency issues in DeFi.
In summary, XRP is in a phase where on-chain accumulation signals and price action are diverging. Whether the exchange reserve decline will eventually translate into a sustained rally or stall at resistance remains the critical near-term question.