Exchange reserves at a seven-year low is a supply-side observation, not a direction. Coins leaving exchanges means less immediately sellable float — it says nothing about whether anyone wants to buy.
It matters most when demand does show up, because a thin float amplifies moves in both directions.
$XRP is at $1.5079, +6.9% on the day, right at the top of a $1.3920–$1.5145 range on $391M of volume.
Do exchange reserves actually tell you anything, or is it the stat people quote after the move? #XRPExchangeReservesHitSevenYearLow $XRP
It matters most when demand does show up, because a thin float amplifies moves in both directions.
$XRP is at $1.5079, +6.9% on the day, right at the top of a $1.3920–$1.5145 range on $391M of volume.
Do exchange reserves actually tell you anything, or is it the stat people quote after the move? #XRPExchangeReservesHitSevenYearLow $XRP
