XRP has flashed a monthly TD Sequential buy signal even as it trades near $1.10 after a roughly 13% slide over the past month. Binance's XRP reserves have fallen to their lowest level since February, yet the shrinking supply on the exchange has not been enough to lift the price.
XRP has dropped around 13% over the past month, even as Binance's holdings of the token fell to their lowest level since February. The move sets up a familiar tension for traders: less coin sitting on the exchange, but no reward in the price so far.
Binance reserves stabilize near 2.61 billion
CryptoQuant data cited in a July 15 X post shows Binance's XRP reserves fell to roughly 2.61 billion tokens at the start of July before stabilizing near that level. The decline extends a broader drop in XRP held on the exchange, with no major inflows replenishing the balance.
Lower exchange reserves often suggest holders are moving tokens into private wallets, which reduces the amount immediately available to sell. But XRP's price kept falling over the same stretch, so shrinking reserves alone have not reversed the bearish momentum.
XRP now trades near $1.10 as weak liquidity, muted trading volume and cautious sentiment outweigh the potential supply-side boost from lower reserves. If exchange balances keep declining while demand improves, the reduced supply could ease selling pressure over the medium term.
A monthly buy signal appears
Crypto chart analyst Ali Martinez said XRP has flashed a monthly TD Sequential buy signal, an indicator built to flag potential trend exhaustion and reversal points after a prolonged move in one direction.
The signal adds to the case that XRP may be approaching a technical bottom. Even so, bulls still need stronger demand and trading volume to confirm a sustained recovery.
Source: Benzinga
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