Why XRP's surge in exchange reserves may herald accumulation, not panic

XRP exchange reserves surged in September, with Binance holdings rising from 2.928 billion to 3.538 billion, Bithumb holdings rising from 1.647 billion to 2.519 billion, and Bybit holdings nearly doubled to 380 million. Although analysts are generally bearish, this may indicate that XRP is strategically absorbing funds rather than selling immediately. Meanwhile, XRP is testing the key support level at $2.73. Prices are currently staying around $2.95, up 3.96% weekly, with potential resistance at $3.34 and $3.58 if support is held.