Binance XRP Reserves Remain Stable Amidst Price Fluctuations

Despite a recent price decline for Ripple’s XRP token, Binance exchange holdings remain stable, offering insight into long-term holder confidence. Data from CryptoQuant reveals a disconnect between XRP’s value and the corresponding reserves on the platform. While XRP’s price dropped to $2.385 by May 15th after reaching almost $2.575 between May 9 and May 13, the Binance reserve level has remained relatively unchanged at nearly 2.89 billion tokens. This trend suggests that long-term XRP holders are not exiting the market quickly following the price drop. Analysts attribute this stability to potential confidence in XRP’s future value.