$XRP Ripple has seen a dramatic surge in deposit activity on Binance, the world’s leading cryptocurrency exchange. Data from CryptoQuant shows a sharp jump in Binance’s Transaction Netflow (TxCount) for XRP, which has reached an 18-month high. This sharp increase in inflows highlights the growing interest of retail investors.
TxCount, which measures the net difference between deposit and withdrawal transactions, has increased by 470 on its 30-day moving average (30 DMA). This suggests that XRP deposit inflows to Binance have significantly outweighed withdrawals.
