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XRP exchange reserves drop to 2.7B, signaling strong buying despite price slump amid market volatility.

Technical Signals
23 May 2026
UToday
View Source
Bullish
pluang ai news

XRP's exchange reserves fell from about 2.74 billion to 2.7 billion XRP in one day, indicating over 35 million XRP were withdrawn from exchanges. This decline suggests increased buying activity by retail and institutional traders, even as XRP's price has been weak and volatile, recently dropping below $1.31. Traders appear to be buying the dip, anticipating a potential price breakout despite the ongoing market pressure. The exchange reserve drop highlights sustained demand for XRP amid challenging market conditions.

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