XRP Exchange Reserves Add About 50 Million as Large Wallet Count Falls
Photo: TokenPost
XRP held at exchanges rose by about 50 million tokens to roughly 11.05 billion, while the number of wallets holding 10 million to 100 million XRP fell to 339 from 351 over several weeks. The two measures moved in opposite directions, and exchange holdings remained elevated through the past week. Exchange holdings had stood at 11.003 billion XRP before the increase. The elevated balance may signal greater potential selling pressure. Separately, analyst Ali identified $1.26 as the lower boundary of XRP’s price channel since August.
Also reported by CryptoNewsLand.
Source: TokenPost
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