177M XRP floods into Binance in 7 days – And it’s not a sell signal

XRP trading on Binance has exploded in recent days. However, that explosion is more indicative of an increase in trading volume, as opposed to a sign of impending selling.

Daily inflows into Binance have been at an average of 21.7 million Ripple [XRP] for the past week, with this amount coming from a large influx of deposits over two separate weeks.

On the 11th of September, one deposit was made for approximately 91.2 million XRP, and another 44.5 million XRP was deposited on the 16th of September, and then 41.7 million XRP on the 17th of September.

Despite these massive deposits, Binance still had a reserve of approximately 2.63 billion XRP, increasing only .34% in the same time frame.

This shows much of the incoming supply is being moved back out or redistributed. At the same time, there were also daily outflows averaging 11.6 million XRP, which helped offset the larger inflows.

This created a very volatile and uncertain environment for investors who are now seeing higher trading volumes, potentially leading to an even greater reaction when XRP makes its next big move.

XRPL activity meets new upgrade

XRPL’s increasing activity is nearing an important infrastructure update. This update may change how complex transactions are settled. On the 15th of September, Batch V1.1 received approval from 85.71% of all validators (30 of 35).

This surpassed the 80% threshold needed to activate the new batch within a 14-day window closing on the 29th of September if no negative trends occur. Interestingly, the upgrade lets users bundle up to eight transactions together and be considered one “atomic” transaction.

Therefore, it could also improve the ease of doing delivery versus payment and multi-account transactions. It’s worth noting that since the XRPL network is currently supporting about 2.08 million transactions per day.

Therefore, the effect of this upgrade may likely manifest itself through greater efficiency in settling transactions, rather than necessarily increasing the base capacity of the network.

Can XRP sustain momentum?

XRP’s recovery is now testing whether buyers can convert this recent upswing to a larger move upward. After defending the $1.24 support area, the price climbed toward $1.42 and reclaimed the middle of its range.

The current uptrend in XRP has shown multiple higher lows since the 16th of September selloff. This indicates an increase in buying power when prices fell to the lower end of their trading ranges.

However, sellers still control the $1.49 resistance zone after rejecting the price there repeatedly.

Momentum is improving, with RSI rising to 57.44 without entering overbought territory. That leaves XRP with room to advance. However, the direction of the next move will depend on if bulls can absorb supply in or around the $1.49 barrier.

A break above that level would strengthen momentum, while rejection could keep XRP range-bound.

Final Summary

• XRP gains liquidity as Binance turnover rises, while stable reserves suggest limited immediate selling pressure.
• XRP’s recovery strengthens as XRPL activity expands, but $1.49 resistance remains key to sustaining upward momentum.