XRP holds $1.56 as Binance reserves hit three-month high

3 min

Ripple’s XRP trades at $1.56, up 1.93% over 24 hours after hitting an intraday high near $1.65 before pulling back. Price remains above $1.50, with rising activity: 24-hour volume $7.79 billion, market capitalization $98.57 billion. Exchange data shows Binance XRP reserves at roughly 2.68 billion tokens, the highest since June, with deposits about 663% above their quarterly baseline and elevated withdrawals. On-chain tracking via CryptoQuant indicates higher reserves increase available trading liquidity and do not automatically signal imminent sell pressure.

XRP Reserves on Binance Rise to a 3-Month High

XRP Reserves on Binance CryptoQuant

The move aligns with broader risk-on behavior: Bitcoin briefly topped $87,000 and Ethereum moved past $2,800 on September 22–23. Rejection near $1.65 highlights shifting conditions. The key question: can XRP clear the next resistance band or is the move a liquidity-driven bounce within consolidation.

XRP price levels and scenarios

XRPUSDT Chart 1D TradingView

Price sits about 9% below $1.70, a noted resistance. Near-term resistance at $1.60 was briefly reclaimed but not held; a daily close back above it forms the first hurdle. Support: $1.54 as initial level, then the 200-day EMA near $1.36 and the 50-day EMA near $1.33, followed by $1.26 and $1.00. The 50-day and 200-day EMAs are converging after the late-August breakout, a potential crossover watch. Reported spot ETF flows show no net inflows during this rally, which tempers upside momentum.

Bull case: a sustained close above $1.70 opens room toward $1.94 with an upper range near $2.32.
Base case: range between $1.33 and $1.70 while the market digests the September 29 XRPL Batch V1.1 hard fork.
Bear case: loss of $1.54 targets the $1.33–$1.36 EMA cluster.

Additional technical context on ETF flow dynamics and the 200-day EMA appears in the linked analyses.

Context on smaller-cap rotation

Level Up Your Crypto Portfolio with LiquidChain – The Altcoin You Don’t Want to Sleep On

An XRP move from $1.56 to $2 would be approximately a 28% rise. With market capitalization near $99 billion, further upside requires large capital inflows, which differs from early-stage tokens. LiquidChain ($LIQUID), a Layer 3 infrastructure project with a presale price of $0.014958 and $971,680.17 raised, markets a cross-chain liquidity layer unifying Bitcoin, Ethereum, and Solana liquidity through a unified execution environment and deploy-once architecture. The project is at presale stage and unproven at scale; capital risk is present.

The post appeared first on Coinspeaker.