XRP reserves have increased dramatically by 1.2 billion tokens in one day, coinciding with the altcoin's price surge past $3. The inflow was driven mainly by Binance, which accounted for 610 million of the tokens. Other exchanges like Bithumb and Bybit also saw significant increases in their holdings. While rising reserves typically signal bearish trends due to increased selling pressure, the timing suggests a strategic positioning ahead of possible SEC approval for an XRP ETF. Technical indicators show reduced sell pressure, indicating that the inflows may not lead to immediate market selling. Interestingly, XRP’s price rebounded effectively, attributed to softer-than-expected U.S. Producer Price Index data, despite mixed performance compared to other cryptocurrencies. Additionally, XRP futures demand on CME rose sharply by 74%, highlighting heightened institutional interest. However, XRP's slower price growth relative to its competitors raises concerns over future performance amidst ongoing ETF speculation and market volatility.

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