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

Cointelegraph.com NewsXRP 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? 

​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?