On September 21, the price of XRP approached $1.50, showing a recovery from earlier monthly lows of $1.27. On-chain data indicates that average daily inflows of XRP to Binance reached 21.7 million tokens, which is 663% higher than the quarterly baseline.
The surge in exchange activity occurred over three specific sessions: September 11 with 91.2 million tokens, September 16 with 44.5 million, and September 17 with 41.7 million. Despite these inflows, Binance reserves increased by only 0.22% to approximately 2.63 billion tokens, as daily outflows averaged 11.6 million tokens.
Large holders increased their combined holdings by approximately 1.54 billion tokens, valued at $2.2 billion, within a 96-hour period. Meanwhile, open interest in the asset climbed to $477 million, with the network value to transactions ratio declining by 32.1%.
Technical analysis highlights the 50-week moving average near $1.51 as a primary target for the current rally. A support zone is identified near $1.38, with potential downside levels ranging between $1.29 and $1.30 if the current price stability is lost.
