XRP reserves on Binance have climbed to roughly 2.6 billion tokens, their highest level since June, with the token trading above $1.50 today.

The buildup is unfolding in the middle of a broader market rally, though a closer look at the exchange flows suggests the extra supply has more to do with trading turnover than a wave of holders lining up to sell.

Binance Reserves Climb, But Data Tells Two Slightly Different Stories

According to on-chain tracking from Arab Chain, Binance’s XRP reserves reached their highest level since June, following a period of decline and a gradual recovery in recent weeks.

The platform’s balance has risen to approximately 2.68 billion XRP, leaving a larger volume of tokens available for spot trading. But Arab Chain cautioned against treating the increase as an immediate sell signal.

“From a market dynamics perspective, a rise in reserves does not necessarily mean that XRP holders are preparing for an immediate sell-off; rather, it reflects an increase in the volume of coins held within the trading ecosystem, providing traders with greater liquidity,” the data provider wrote.

According to them, investors should watch this development alongside net flows, trading volume, and price action, particularly if reserves continue to climb.

Meanwhile, on-chain analyst Theophiluspep offered a more detailed picture of the activity. He cited CryptoQuant data showing Binance’s average daily XRP deposits running 663% above the quarterly baseline during recent sessions, with withdrawals also increasing, leaving reserves only about 0.22% above that baseline.

That combination points to substantial two-way movement, rather than a one-sided build-up of inventory on the exchange. Theophiluspep also reported that Binance netflows had turned slightly negative in the latest sessions, meaning withdrawals had begun to be more than deposits.

His focus is now on whether those outflows can become more sustained as XRP consolidates, or whether the recent activity settles back into high turnover.

XRP Reclaims $1.50

At the time of writing, XRP was at around $1.53 per CoinGecko, up more than 4% in 24 hours and about 9.5% across seven days. Still, it’s down 45% from where it was a year ago and almost 58% below its $3.65 all-time high recorded in July 2025, even though trading volume jumped 63% from yesterday to about $6.33 billion.

Meanwhile, its Relative Strength Index had moved above 70, a level commonly associated with overbought conditions. And while that does not guarantee a pullback, it should add a cautionary signal as the price continues to recover.

Source: CryptoPotato