XRP Reserves Surge on Binance, Does It Signal Flash Sell-Offs?
Photo: ZyCrypto
XRP traders are moving assets to centralized crypto exchanges amid macro hiccups, even as the coin remains sideways. However, speculation of an altcoin swing remains, with bulls poised for a final push to end the year. On October 17, the total XRP on centralized exchanges crossed 11.81 billion as Binance unwinds leverage. Recent inflows surprised most users, who expected a firm last quarter after a year marked by liquidations. The surge in centralized exchange deposits sparked expected conversations about consistent flash sales. When large numbers of traders move assets into centralized exchanges, liquidation risk spikes, as historical trends show.
Source: ZyCrypto
