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Binance's XRP reserves have fallen to their lowest level since December 2022, decreasing by over 220 million to 2.47 billion in two days.
On-chain data shows that as of October 30, Binance's XRP reserves have decreased from 2.69 billion on October 28 to 2.47 billion, a reduction of approximately 8.18% (over 220 million XRP) in two days, reaching their lowest level since December 2022. Simultaneously, XRP reserves at other major exchanges such as Bybit and Bithumb have also declined. Analysts believe this indicates that despite price fluctuations, market demand for XRP persists, potentially reducing immediate selling pressure and bringing a bullish outlook for the token.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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