XRP price surged to the $2.40 mark on January 11 after experiencing a rough start to the week. On-chain data reveals that XRP exchange reserves are still high as market sentiment remains uncertain. Traders responded positively to recent updates from Ripple CEO about a dinner with Trump, leading to a 7% price boost.
As the market sell-off cools, XRP traders have deposited a significant $85 million on Binance, signalling potential recovery and interest in the cryptocurrency's price movements in the coming days.