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>>XRP price outlook as Binance’s XRP holdings slip to their lowest levels of 2024

XRP price outlook as Binance’s XRP holdings slip to their lowest levels of 2024

crypthub

about 2 hours ago

Price Movement

XRP rose over 4.5% in 24 hours, trading near $1.50 as the crypto market gained 1.8% to a $2.4 trillion cap. The token is still down about 35% from a month ago but broke a sideways pattern. Traders are watching if the rally can breach the $1.50 resistance level.

Binance Reserve Decline

On‑chain data shows Binance’s XRP holdings fell to roughly 2.5 billion coins, the lowest since early 2024. This represents a loss of about 700 million XRP since November 2024. Lower exchange balances are often interpreted as reduced sell‑side liquidity and possible accumulation.

Market Liquidity and Momentum

Short positions across crypto were liquidated for about $150 million, providing forced buying pressure. Bitcoin’s rise above $70,000 and Ethereum’s pass of $2,000 improved sentiment, prompting rotation into altcoins like XRP. The token tested the $1.50 zone; staying above $1.55 could open the path to $1.80, while a drop below $1.45 may trigger a retest of support.

Institutional Interest

Goldman Sachs reportedly holds $152 million in XRP‑linked ETFs, about 14% of net inflows last year. Evernorth’s CEO highlighted XRP’s role in real‑world financial infrastructure and plans for treasury deployment. Nonetheless, broader macro uncertainty, such as a potential U.S. government shutdown, keeps market caution high.