XRP Reserves Plummet by 228 Million Across Major Exchanges
- Reserve Decline Overview: CryptoQuant data reveals that Binance and Upbit have lost approximately 228 million XRP since mid-May, pushing their exchange reserves to multi-month lows, which directly impacts trading liquidity in the market.
- Significant Drop at Binance: Binance's XRP reserves fell from about 2.78 billion on May 12 to 2.61 billion on July 2, a reduction of nearly 170 million XRP, representing over 6% of its holdings, marking the lowest reserve level since March 2026, potentially affecting its market competitiveness.
- Stable Position at Upbit: Although Upbit remains the largest XRP holder, its reserves decreased from approximately 6.515 billion on May 30 to 6.457 billion on July 2, removing around 58 million XRP and reaching the lowest level since April 2026, indicating weakening demand for XRP in the market.
- Impact on Market Liquidity: While the decline in XRP reserves may suggest changing investor behavior, analyst Amr Taha emphasizes that reserve reductions alone cannot confirm XRP's future price direction, as actual market demand remains crucial for price stability.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0272 | 0.0296 | 0.0319 | 0.0343 | 0.0366 | 0.039 | 0.0413 |
| Fibonacci | 0.0296 | 0.0314 | 0.0325 | 0.0343 | 0.0361 | 0.0372 | 0.039 |
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