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XRP reserves on Binance drop, signaling less sell pressure and potential bullish breakout above $1.48

Technical Signals
02 May 2026
Blockonomi
Bullish
pluang ai news

XRP reserves on Binance have decreased from 3.05 billion in mid-2025 to 2.75 billion by early May 2026, indicating reduced sell-side pressure. The token's price bottomed near $1.25 in early 2026 and has since stabilized around $1.39. Analysts note that a break above $1.48 could trigger mass short liquidations, potentially accelerating upward momentum. The stable reserve levels suggest a possible accumulation phase, but broader market conditions remain important for future price direction.

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