Ripple (XRP) has successfully broken the $1 barrier for the first time in three years, propelling it to the 6th position among the top 10 cryptocurrencies by market capitalization, surpassing Dogecoin.
Simultaneously, with Ripple's price surge, the exchange reserve (Binance) has reached an all-time high of over 3.255 billion coins. Historically, an increase in exchange reserve has often been associated with higher selling pressure. Therefore, investors should remain cautious at these levels, as profit-taking might occur.
Written by Grizzly
