XRP Reserves on Track to Hit 2026 High: What's Happening?
Photo: U.Today
As XRP continues to show mixed price action after multiple weeks of extreme volatility, the latest onchain data from crypto analytics platform CryptoQuant shows that XRP reserves across all major exchanges have remained substantially high. While the metric has drawn attention from market participants, analysts reveal that the surge in XRP supply indicates that traders are reducing leveraged positions while the amount of XRP held across exchanges remains unusually high. Per the data, the aggregate XRP exchange reserves have surged to 11.81 billion tokens as of October 17, nearing the highest levels recorded over the last year.
Source: U.Today
