XRP Price Warning: Leverage Resets as $11.8B in Reserves Loom

CryptoQuant reserve data showed XRP held on exchanges climbed to 11.81 billion tokens, a 99th-percentile reading for the past year, while XRP traded around $1.30 and traders watched $1.25 support; a break below $1.25 would put $1.00 in view. Exchange reserves are tokens in wallets controlled by trading platforms, making them more readily available for trading than private or cold-storage assets, and high reserves can pressure prices if holders sell. Binance XRP open interest was about $412 million on October 20, down from $453 million on October 17, even as exchange-wide open interest reached $1.40 billion, up 2.5% in 24 hours.