XRP Exchange Reserves and Whale Activity Suggest Possible Short-Term Correction Ahead

Key Points

1. XRP’s exchange reserves on Binance have reached 2.96 billion tokens, the highest since January 2025, indicating potential selling pressure.

2. A similar spike in exchange reserves in May 2025 preceded a 20% price correction, suggesting a possible short-term pullback.

3. XRP whale transactions (transfers exceeding $1 million) have surged to a three-month peak, signaling a possible distribution phase.

4. Technical analysis identifies $2.34 as a key Fibonacci retracement level, representing a potential 20% correction from current prices.

5. Immediate support levels are at $2.80 and $2.77, with a breach potentially accelerating downward momentum toward $2.34.