XRP reserves rose by 1.2B in a day: Is it accumulation or signs of a sell-off?

XRP reserves grew by 1.2 billion, and the altcoin’s price topped $3 the next day. Is this a sign that traders expect new highs if an XRP ETF is approved by the SEC?
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XRP reserves grew by 1.2 billion, and the altcoin’s price topped $3 the next day. Is this a sign that traders expect new highs if an XRP ETF is approved by the SEC?