XRP maintained its position above $1.50, showing a 2.73% gain over the last 24 hours, as traders watched for signs of continued momentum. The token hovered near $1.52, reflecting renewed buying interest and daily trading volume of $4.55 billion.
XRP price and Binance reserves
XRP’s market capitalization reached $95.68 billion, according to CoinMarketCap data. While the token recorded daily gains, it remains 3.66% lower week-on-week, following a pullback from its recent September high near $1.66.
Recent figures from blockchain analytics platform CryptoQuant indicate XRP token reserves on Binance fell to 2.69 billion on Monday, down from 2.70 billion on the previous Saturday. A reduction in exchange holdings often points to weakening near-term selling pressure, as more tokens move into self-custody or long-term storage.
Mini dictionary: CryptoQuant, a blockchain data provider, aggregates and analyzes on-chain data to help traders and institutions understand crypto market movements, including exchange inflows and outflows.
| Date | XRP on Binance (billion) |
|---|---|
| Saturday | 2.70 |
| Monday | 2.69 |
Lower balances on centralized platforms often reflect greater investor confidence and a preference to hold assets for longer periods, instead of selling amid short-term volatility.
Analyst views and key resistance levels
XRP faces notable resistance between $1.53 and $1.60, with the 0.382 Fibonacci retracement level at $1.532 often viewed as an obstacle by market technicians. This region has historically limited the token’s upward movement.
Market analyst DukesMarketAnalysis stated that a close above $1.60 would hold more importance than a brief price spike through that level. The X user XRP Update highlighted that the bullish structure remains overall intact, with particular focus on whether XRP can sustain prices above the crucial $1.58 threshold.
Analysts note that XRP’s bullish formation persists above the Point of Control, with $1.58 representing the immediate level to watch for confirming continued upside momentum.
On the chart, a bullish flag pattern has taken shape just below resistance, indicating support around $1.5070. Upside technical targets are identified at $1.7683 and $2.1667. Crypto analyst Egrag Crypto described the market as range-bound, with price contained between $1.45 and $1.65 in the near term.
Analyst CW8900 observed that XRP broke through a selling wall at $1.52, allowing prices to advance toward $1.55. In addition, new buying demand has formed just below current levels, implying defensive support.
Price action shows that, after clearing resistance at $1.52, significant sell walls are absent in the short term, and buying interest has established below this level.
Technical indicators and derivatives data
On the chart, the 8-week and 21-week exponential moving averages recently completed a bullish intersection. This development signals strengthening medium-term momentum, but does not guarantee a sustained uptrend in isolation.
TradingView data shows the Relative Strength Index (RSI) at 58.02, keeping the asset above neutral territory. The Moving Average Convergence Divergence (MACD) line remains positive and above its signal line, suggesting continued but moderate upward pressure.
According to CoinGlass, XRP futures volumes declined by 4.31% to $5.46 billion, while open interest rose 2.28% to $3.56 billion, indicating increased leveraged positions in the market.
| Metric | Volume | Change (%) |
|---|---|---|
| Futures Volume | $5.46 billion | -4.31 |
| Open Interest | $3.56 billion | +2.28 |
Liquidation heatmaps show concentrations at $1.53-$1.54 and $1.56-$1.58 on the upside, with downward clusters at $1.49-$1.50 and $1.45-$1.46. Longer-term chart patterns still exhibit lower highs and lower lows, and analysts consider a move above previous highs essential for any decisive trend reversal.
XRP traded between the upper $1.40s and mid $1.50s during late September, briefly topping $1.60 before a pullback. Analysts continue to monitor the $1.5070 and $1.246 support areas for potential downside protection.
