XRP Sees Significant User Balance Growth Amid Binance Reserve Adjustments and Price Fluctuations

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.