1.2B XRP Mysteriously Flow Into Exchanges: What’s Brewing Behind the Scenes?

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Key takeaways:

  • XRP reserves spiked by 1.2 billion tokens in just one day, led by Binance‘s 610 million surge. Hmm, what’s cooking there? 🍳

  • Futures demand surged by 74%, but XRP still struggled, even with ETF optimism waving its flag. Confusing, isn’t it? 🤷‍♂️

XRP (yes, the token we love to talk about) went through a roller-coaster ride this month. On September 1st, Binance, Bithumb, Bybit, and OKX all reported a massive increase in their XRP reserves-over 1.2 billion tokens in a single day. That’s a whole lotta XRP, folks. 🚀

Let’s break it down, shall we? Binance took the lead, puffing up its XRP stash from 2.928 billion to 3.538 billion, adding a cool 610 million tokens. Not far behind, Bithumb cranked its reserves up to 2.519 billion from 1.647 billion. Bybit decided to double its stash (yes, double) from 188 million to 380 million. OKX? Well, they went from a tiny 112K to an astonishing 233 million XRP tokens. Let that sink in. 🧠

Now, usually, when exchange reserves skyrocket, it’s a bad omen. Why? Well, it means there’s more supply to sell off, and we know what happens next… panic! But here’s the twist: these reserves poured in at a critical support level for XRP-$2.73. A level that has heroically held up against the downward pressure. A little dramatic, right? 💪

Technical Indicators (aka, the crystal ball of crypto traders) show that selling pressure has relaxed. Could it be that these exchanges are just stocking up for a *big* event? Or are the whales preparing for a token distribution party? 🎉

Despite all these reserves coming in, XRP’s price went up-yes, you read that right. By Wednesday, it broke through the $3 mark after some surprisingly tame US Producer Price Index data. The price surged by 8.43% that month. Go figure! 📈

XRP inflows ignite weekend surge, futures market shows mixed signals

The weekend was… eventful. XRP found some sudden buy-side pressure, leaving traders with their jaws on the floor. A 3 million XRP market buy on Binance futures set off a chain reaction, adding over 10 million XRP in net buys in just 15 minutes. Can someone say “bullish?” 🐂

Bulls managed to maintain their momentum on Sunday too, with Coinbase reporting a nice +8 million XRP buys. But, hold up-liquidity was pretty thin. So, while buying pressure was aggressive, the market’s heavy liquidity smothered any immediate upside. Kinda like trying to start a fire with wet matches. 🔥

Market guru Char Steingraber pointed out that XRP’s price returned to the $3 level on net inflows of $23.9 million, but the total trading volume was a massive $6.9 billion. That means just a 0.7% price increase, despite big bucks flowing in. The market’s still a tough cookie to crack, huh? 🍪

But wait, there’s more: institutional demand for XRP futures is climbing. The CME’s open interest jumped 74%, now at 386 million XRP. Not too shabby, right? Meanwhile, the broader futures market gained 5% to 2.69 billion XRP, valued at $7.91 billion. 💸

Despite this increase, XRP futures are trading at a 7% premium to spot prices, which suggests balanced leverage. However, when compared to other altcoins that saw double-digit gains in August, XRP’s performance is like the tortoise in a race full of hares. 🐢

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2025-09-11 00:19