🟠 The jump in XRP deposits on Binance by 663% looked like an impending sell-off, but the exchange’s reserves changed very little, increasing by just 0.22%. Massive daily outflows and ⚡ $2.2 billion in whale accumulation absorbed the liquidity shock. With open interest in futures rising to $477 million, leverage volatility is increasing 📈 around the key resistance level of $1.51.

Will the whales absorb the top-side offer at $1.51, or does rising open interest signal a reset of leverage back to the $1.38 support? 👇

#xrp #binance #whales #derivatives #flows