XRP Sees Significant User Balance Growth Amid Binance Reserve Adjustments and Price Fluctuations
Main Idea
Binance reports a significant increase in XRP balances, with users adding over 59 million XRP in one month, reflecting strong market demand and price volatility.
Key Points
1. Binance's XRP reserves now exceed 2.754 billion XRP, maintaining a reserve ratio of 102.96%.
2. XRP's price doubled in the first half of July, surging from around $2 to over $4, but later stabilized between $2.90 and $3.10 by month-end.
3. Third-party custody of XRP increased from 56 million to 76 million, indicating improved storage practices.
4. Binance also saw increases in customer balances for BTC, FDUSD, and USDC, but XRP's uptick was particularly notable.
5. The surge in XRP balances and price volatility suggests strong market engagement and potential future stability for XRP.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Binance has reported
Latest News
- Bitcoin Price Targets: Can Bulls Maintain Momentum Towards $117,000 Resistance?2025-08-07 15:59:56
- Phishing Scams Target TikTok Users with Tether Payments Amid Rising Cyber Threats2025-08-07 15:38:02
- Ethereum Treasury Firms May Surpass U.S. ETH ETFs with Staking and DeFi Advantages2025-08-07 15:18:41
- Ethereum’s Price Surge Sparks Interest in ETH Treasury Stocks Over ETFs in Pre-Market Trading2025-08-07 15:04:51
- XRP’s Potential Recovery: Navigating Market Narratives Towards All-Time Highs2025-08-07 14:42:47