XRP has posted a sharp rally, climbing above the critical $1.50 mark following increased exchange activity and strong investor demand. The asset now eyes a new price target near $1.80, as recent data highlights a remarkable surge in inflows to Binance, the world’s largest cryptocurrency exchange.
Surging inflows on Binance fuel XRP momentum
Throughout the past week, data from the analytics platform CryptoQuant indicates that Binance has seen average daily XRP deposits reach approximately 21.7 million tokens for the week ending September 20.
This figure represents a 663% rise over Binance’s quarterly baseline for XRP deposits, signaling robust market interest and heightened trading activity. Despite the notable increase in deposits, the stock of XRP tokens held on Binance has changed only slightly.
Total XRP reserves on the exchange now stand at about 2.63 billion tokens, just 0.22% higher than the figure seen earlier in the quarter. Over the week, reserves rose by a modest 0.34%.
These data points suggest that aggressive buying activity on Binance has rapidly absorbed most incoming tokens, limiting the growth of available XRP reserves despite the influx.
XRP deposits on Binance skyrocketed 663% to 21.7 million daily, yet the exchange’s XRP reserves barely increased, highlighting persistent demand that absorbs incoming supply.
XRP price rises, new resistance level breached
The surge in trading activity has been followed by a more than 5% jump in the price of XRP within the last 24 hours. The cryptocurrency reached an intraday high close to $1.59, consolidating its breakout above the key resistance level at $1.50.
Breaking through this threshold has pointed the asset toward the long-awaited $1.80 level, as optimism intensifies among traders and market watchers alike.
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XRP outlook as flows and activity intensify
With the exchange inflow trend persisting, market participants remain attentive to both liquidity and supply shifts that could influence future XRP price action. Current activity indicates sustained demand and ongoing absorption of matched supply, setting the stage for further volatility as the $1.80 price target comes into focus.
