supply of $XRP Trading volumes on Binance and Upbit crypto exchanges continue to increase, indicating low bullish confidence among traders.
Over the past 24 hours. $XRP Investors deposited 53,658 tokens into Upbit, worth $74,584 at the time of writing. Meanwhile, Binance users have deposited 491,183 units, which is equivalent to approximately $682,744 at the time of reporting.
Therefore, since February 2025, Upbit’s net holdings have skyrocketed to 509,458,973 tokens, worth approximately $708 million. With this increase, Upbit now holds 6,495,312,375 tokens. $XRPaccounting for 40.25% of all tokens held by virtual currency exchanges.
According to data shared by X users, since February 24, 2025, Binance’s reserves for this altcoin have increased by 1,762,441,979 tokens, bringing its value to $2.44 billion. @Chachakobe4erAt the time of publication, the largest cryptocurrency exchange by average daily trading volume held approximately 2,549,987,212. $XRPaccounting for almost 16% of the exchange’s total supply.
As a result, both crypto exchanges controlled the majority of the average daily trading volume of altcoins, and the bearish mood strengthened as the supply of reserves increased.
$XRP Prices face bearish territory as supply increases on major exchanges
As the supply of $XRP Finbold AI Agent, an advanced financial aid powered by multiple AI models, has predicted further integrations to top crypto exchanges within a week. To be precise, the Finbold AI agent predicted that the price of this token could trade around $1.39 on May 11th.
From a technical analysis perspective, $XRP Prices remain trapped in a multi-month correction, based on insights shared by trading experts egrag cipher. The analyst believes the token could fall to $0.95 before the next bull run towards all-time highs (ATH).
However, the short-term bearish sentiment towards this token could be invalidated if Binance and Upbit users start accumulating, and vice versa.
