XRP exchange reserves hit yearly high, traders eye sell pressure

XRP exchange reserves reached approximately 11.81 billion tokens, the 99th percentile in the past year, indicating the highest level in 12 months. The rise in reserves, which climbed alongside a leverage reset on Binance, has revived concerns about selling pressure. XRP trades near $1.31, and analysts note that the next price move depends on whether these tokens are sold into the market or moved to private wallets.