#xrp交易所储备创七年新低 XRP inventory seems close to the bottom, but does the short-term still need to grind?
Brothers, XRP exchange reserves have hit the lowest in seven years. Binance has moved 500 million coins in a year; currently the monthly average inventory is around 2.6 billion. In plain terms, the amount of sellable chips that can be dumped at any time is getting smaller and smaller, and many people are transferring coins to cold wallets.
On the news front, the ETF side is indeed accumulating, but there have also been cases of daily outflows of 5.15 million recently. The community is spreading the idea that “when the inventory is gone, it will be pumped,” but honestly, ETF flows alone can’t support a big market move in the short term—don’t get carried away.
From a technical perspective, it’s currently hovering around 1.40. There’s significant resistance overhead at 1.45 to 1.50. 1.35 is the key defense line. As long as the daily and weekly candles don’t break below it, the cup-and-handle structure is still intact, and the targets above are 1.87 to 2.11. But if 1.35 is lost, then 1.23—and even lower—could be possible.
My take: The decline in inventory over the medium to long term is a solid positive, but for the short term, I’d first expect consolidation. Exchanges having no coins doesn’t mean it will pump immediately—the market’s risk-averse sentiment is still weighing on it. $XRP
Brothers, XRP exchange reserves have hit the lowest in seven years. Binance has moved 500 million coins in a year; currently the monthly average inventory is around 2.6 billion. In plain terms, the amount of sellable chips that can be dumped at any time is getting smaller and smaller, and many people are transferring coins to cold wallets.
On the news front, the ETF side is indeed accumulating, but there have also been cases of daily outflows of 5.15 million recently. The community is spreading the idea that “when the inventory is gone, it will be pumped,” but honestly, ETF flows alone can’t support a big market move in the short term—don’t get carried away.
From a technical perspective, it’s currently hovering around 1.40. There’s significant resistance overhead at 1.45 to 1.50. 1.35 is the key defense line. As long as the daily and weekly candles don’t break below it, the cup-and-handle structure is still intact, and the targets above are 1.87 to 2.11. But if 1.35 is lost, then 1.23—and even lower—could be possible.
My take: The decline in inventory over the medium to long term is a solid positive, but for the short term, I’d first expect consolidation. Exchanges having no coins doesn’t mean it will pump immediately—the market’s risk-averse sentiment is still weighing on it. $XRP
