XRP Exchange Reserves Surge Could Reflect Exchange Buying Rather Than Whale Selling, On-Chain Metrics Show Limited Coin Days Destroyed

• Exchanges added large XRP balances on 01 September (Binance +610M, Bithumb +872M)

• On-chain metrics (Coin Days Destroyed, whale-to-exchange flows) were flat, indicating low distribution from long-term holders.

• Price dipped ~0.61% that day but technicals (MACD, OBV) show mixed signals; institutional accumulation is possible.

XRP exchange reserves surge: exchanges added major XRP on Sept 1 while on-chain metrics stayed muted — read data-backed implications and next steps.

What happened to XRP exchange reserves on 01 September?

XRP exchange reserves surged across major venues on 01 September, with Binance adding ~610 million XRP and Bithumb ~872 million. Bybit and OKEx also reported sizable increases, lifting aggregate reserves significantly in a single day.

These moves coincided with a modest price dip of ~0.61% and heightened intraday volatility.

Source: CryptoQuant

How do on‑chain metrics explain the reserves increase?

Key on‑chain indicators — Coin Days Destroyed and whale-to-exchange flows — were relatively flat on 01 September according to Glassnode and CryptoQuant data. This suggests the reserves spike did not stem from long-term holders moving coins to exchanges to sell.

In plain terms, muted Coin Days Destroyed and stable whale inflows point toward exchange-side accumulation or internal rebalancing rather than panic selling.

What did technical indicators signal after the spike?

Price action and technical indicators offered mixed signals. On the 1‑day chart (TradingView), XRP formed a descending triangle over several weeks but showed a breakout on 07 September.

Source: CryptoQuant

Spot taker CVD highlighted a taker sell-dominant phase since late July. OBV has inched higher in early September, but has not made a decisive new high. MACD registered a bullish crossover below zero — a signal that bearish momentum may be easing.

Source: XRP/USDT on TradingView

Which exchanges contributed to the reserves increase?

Reported exchange reserve changes on 01 September (approximate):

Sources: CryptoQuant, Glassnode, TradingView (data reported by on‑chain analytics platforms).

Source: CryptoQuant

The whale-to-exchange chart shows no commensurate spike in whale deposits on Binance, reinforcing the view that exchanges increased reserves without large visible outbound transfers from whales.

Source: Glassnode

Frequently Asked Questions

Did the reserves surge cause the price drop?

The modest 0.61% price drop on 01 September correlated with the reserves increase but on‑chain metrics do not support a large-scale sell narrative; short-term volatility likely reflected order-book shifts and market reactions to rising exchange balances.

Should holders be worried about long-term selling pressure?

Not necessarily. Flat Coin Days Destroyed and subdued whale flows suggest long-term holders did not initiate mass exits. Monitor OBV and taker CVD for confirmation of sustained buying or selling pressure.

Key Takeaways

• Exchange accumulation: Multiple exchanges increased XRP reserves sharply on 01 September, but data indicates exchange-side moves rather than broad holder selling.
• On‑chain confirmation: Coin Days Destroyed and whale-to-exchange flows remained muted, reducing the likelihood of an immediate large-scale distribution.
• Watch indicators: Traders should track OBV, taker CVD, MACD crossovers and order-book concentration to assess whether accumulation continues or selling resumes.

Conclusion

Data from CryptoQuant, Glassnode and TradingView indicate the 01 September XRP exchange reserves surge was likely driven by exchange-side balance changes rather than mass liquidations by long-term holders. Investors should continue to monitor on‑chain metrics and volume-based indicators for confirmation. COINOTAG will update readers as new data emerges and on‑chain patterns evolve.