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XRP Price Holds $1.23 Support as Exchange Reserves Drop by 250M

Picture: Blockonomi

TLDR: XRP price held near $1.24 after buyers defended $1.23. Binance, Bybit and Bithumb lost 250 million XRP in combined reserves. Binance reserves fell 8.18% to 2.47 billion XRP between Oct. 28 and Oct. 30. Upbit moved higher, adding 20 million tokens. XRP recorded a 36.55 RSI and a 42.31 Money Flow Index in the daily chart review. Both readings left buying strength below neutral. EGRAG CRYPTO outlined potential cycle targets of $6.80, $16.17 and $31.64. His scenario depends on price confirmation and has no deadline.

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