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XRP inflows to Binance surge 663%, but reserves stay stable, signaling token rotation over accumulation.

Market News
23 Sep 2026, 10:04 WIB
Cointribune
View Source
Neutral
XRP inflows to Binance surge 663%, but reserves stay stable, signaling token rotation over accumulation.

In the week ending September 20, XRP deposits to Binance jumped 663% to an average of 21.7 million tokens per day, a significant increase from the usual 2.85 million. Despite this surge, Binance's XRP reserves remained nearly unchanged at 2.63 billion, indicating that most tokens were quickly withdrawn or traded rather than held on the exchange. This suggests strong token rotation rather than accumulation. XRP's price surpassed $1.50, with traders eyeing a potential rise to $1.80, but this target depends on sustained price strength and stable or decreasing reserves on Binance to confirm demand.

XRP is trading at Rp28,914 on Pluang as of Sep 23, 2026 14:21 WIB, marking a 6.38% gain in the last day. The market cap stands at Rp1.811,51 trillion, showing strong investor interest. Despite high token rotation on Binance, Pluang's order activity shows a majority of 62% selling, reflecting cautious trading behavior.

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