XRP supply rises on Binance and Upbit, signaling bearish sentiment among traders.

The supply of XRP tokens on major exchanges Binance and Upbit has increased significantly, with deposits of over 491,000 and 53,000 tokens respectively in the past 24 hours. This growing reserve, now worth billions of dollars, suggests low bullish conviction and rising bearish sentiment among traders. Technical analysis indicates XRP is in a multi-month correction and could drop to $0.95 before a potential recovery. However, if users start accumulating XRP again, this bearish trend could reverse.