The XRP exchange reserves surge on 01 September reflected exchange-side accumulation, not large-scale selling: CryptoQuant and Glassnode metrics show exchange balances rose across Binance, Bithumb, Bybit and OKEx while Coin Days Destroyed and whale-to-exchange flows remained muted, suggesting limited immediate bearish pressure.
Exchanges added large XRP balances on 01 September (Binance +610M, Bithumb +872M)
On-chain metrics (Coin Days Destroyed, whale-to-exchange flows) were flat, indicating low distribution from long-term holders.
Price dipped ~0.61% that day but technicals (MACD, OBV) show mixed signals; institutional accumulation is possible.
XRP exchange reserves surge: exchanges added major XRP on Sept 1 while on-chain metrics stayed muted — read data-backed implications and next steps.
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What happened to XRP exchange reserves on 01 September?
XRP exchange reserves surged across major venues on 01 September, with Binance adding ~610 million XRP and Bithumb ~872 million. Bybit and OKEx also reported sizable increases, lifting aggregate reserves significantly in a single day.
These moves coincided with a modest price dip of ~0.61% and heightened intraday volatility.
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Key on‑chain indicators — Coin Days Destroyed and whale-to-exchange flows — were relatively flat on 01 September according to Glassnode and CryptoQuant data. This suggests the reserves spike did not stem from long-term holders moving coins to exchanges to sell.
In plain terms, muted Coin Days Destroyed and stable whale inflows point toward exchange-side accumulation or internal rebalancing rather than panic selling.
Price action and technical indicators offered mixed signals. On the 1‑day chart (TradingView), XRP formed a descending triangle over several weeks but showed a breakout on 07 September.
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