XRP price has traded higher on Saturday as exchange balances on Binance dropped to their lowest level in more than a year. The token gained over 4.5% in 24 hours and hovered near $1.50 during the session. The move came as the broader crypto market rose nearly 1.8% to a total capitalization of $2.4 trillion.

Despite the rebound, the XRP price remains down about 35% over the past month. The asset had moved sideways for several days before bulls pushed prices toward the $1.50 level. Market participants are now watching whether the recovery can extend beyond immediate resistance.

Binance XRP Reserves Fall to Multi Month Lows

On-chain data showed a decline in XRP reserves held on Binance, especially after RLUSD went live on the crypto exchange….