XRP Buying Pressure on Binance Hits Three-Month High: What to Expect in November?

CryptoQuant analyst Arab Chain reported that Binance’s XRP Taker Buy/Sell Ratio climbed to about 1.076, a three-month high, ahead of November. The metric compares market buy orders with market sell orders, and a reading above 1 indicates buyers are acting more aggressively than sellers. Arab Chain cautioned that the ratio alone does not confirm a lasting reversal and must be supported by price action, volume and a sustained reading above 1. Analyst Versan Aljarrah noted that XRP whales hold their largest supply share since late 2022. At press time XRP traded at $1.29, down about 14% over 30 days and nearly 30% year-to-date.