Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. A drop below the key short-term support would further undermine recovery prospects. XRP exchange reserves rise jeopardizing recoveryBinance exchange reserves have increased slightly above 2.61 billion XRP, valued at roughly $2.68 billion as of Tuesday. XRP Binance exchange reserves | Source: CryptoQuantRising exchange reserves amid price weakness generally signal distribution in the face of near-term selling pressure. As exchange reserves grow, price action around the critical $1.00 support will be pivotal in determining the next directional move.