Crypto News
CryptoQuant data puts XRP exchange reserves at 11.81 billion tokens, in the 99th percentile of the past year, while the price trades near $1.30. The key technical test is $1.25, with a break below that level putting $1.00 in focus. XRP has rebounded from the $1.25 area, but the supply held on exchanges remains an overhang.
Why it matters
Exchange-held XRP is more immediately available for trading than coins in private wallets or cold storage. Continued deposits could increase the supply available to sellers, while net withdrawals would ease that pressure. The next reserve reading will show whether the 11.8 billion balance keeps rising or begins to fall.
Derivatives positioning adds a second pressure point. Binance open interest declined to about $412 million on October 20 from $453 million on October 17, but aggregate XRP open interest across exchanges reached $1.40 billion, up 2.5% in 24 hours. Long liquidations totaled $2 million, compared with $431,000 in short liquidations. Funding was slightly positive on Binance at 0.0023% per eight hours, while the cross-exchange average turned marginally negative at -0.0004%.
Market impact
Spot XRP ETFs recorded a $1.84 million weekly net outflow for October 12-16, ending a 13-week run of inflows. That removes a recent source of demand as leveraged exposure rebuilds and exchange reserves remain elevated.
XRP Ledger payment volume also fell to about 119.5 million XRP on October 17, down 72.3% from the prior day and below the reported 30-day average of roughly 629.3 million XRP. Above spot, $1.33 is immediate resistance and $1.39 is a key level. A sustained close above $1.56 would improve the recovery case, while losing $1.25 would leave $1.00 as the next major downside reference.
Frequently asked questions
-
Why is $1.25 an important level for XRP?
XRP has rebounded from around $1.25, making it the immediate support zone. A break below it would put $1.00 in focus.
-
What does the 11.81B XRP reserve balance indicate?
The balance is in the 99th percentile of the past year. XRP held on exchanges is more readily available for trading, so continued growth would keep supply pressure in view.
-
How did XRP ETF flows change?
Spot XRP ETFs recorded a $1.84 million weekly net outflow for October 12-16, ending a 13-week run of inflows.
-
What happened to XRP derivatives positioning?
Aggregate XRP open interest reached $1.40 billion, up 2.5% in 24 hours, while Binance open interest fell to about $412 million from $453 million.
-
What levels could shape XRP's next move?
The market is watching $1.25 support, with $1.00 as the downside reference if it fails. Above spot, $1.33 and $1.39 are resistance levels, while $1.56 is the key recovery threshold.
WatcherGuru
Lookonchain
Glassnode
Crypto Rank News
Altcoin Daily
CoinTelegraph
CoinDesk
WuBlockchain