Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Image fx 17
    CryptoMarketNews

    WLFI Token Proposal Marks a Pivotal Moment for World Liberty Financial

    World Liberty Financial (WLF) has unveiled a major initiative that could reshape…

    By
    Alessia Moretti
    July 5, 2025
    Image fx 16
    CryptoMarketNews
    Ripple’s RLUSD Launch Triggers Debate Over XRP’s Future
    July 5, 2025
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    NewsBitcoinCrypto
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    July 4, 2025
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    NewsCrypto
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    July 4, 2025
    ADA market
    MarketCryptoNews
    Cardano vs Ethereum: Can ADA’s Quiet Build Trigger a Rotation Rebound in Q3 2025?
    July 4, 2025
  • Cryptocurrency
    Image fx 17
    WLFI Token Proposal Marks a Pivotal Moment for World Liberty Financial
    4 Min Read
    Image fx 16
    Ripple’s RLUSD Launch Triggers Debate Over XRP’s Future
    4 Min Read
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    7 Min Read
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    6 Min Read
    ADA market
    Cardano vs Ethereum: Can ADA’s Quiet Build Trigger a Rotation Rebound in Q3 2025?
    6 Min Read
    BlackRock’s Bitcoin ETF Set to Become #1: Outearning 1,197 Other Funds
    BlackRock’s Bitcoin ETF Set to Become #1: Outearning 1,197 Other Funds
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Could Binance Inflows Create Selling Pressure for XRP?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Could Binance Inflows Create Selling Pressure for XRP?
CryptoMarketNews

Could Binance Inflows Create Selling Pressure for XRP?

XRP is significant inflows to Binance and the RLUSD stablecoin approval. The design includes the XRP logo p
Camila Santos
Last updated: December 11, 2024 2:49 pm
By
Camila Santos
Published December 11, 2024
2 Min Read
Share

As the digital currency ecosystem evolves, XRP has become a focal point due to large-scale investments flowing into Binance. According to CryptoQuant, inflows from major XRP investors to Binance have reached a six-month high, coinciding with a brief dip in XRP’s price below $2.

Contents
Significant Binance Inflows from XRP InvestorsRLUSD Stablecoin and XRP’s Price RecoveryImplications for XRP’s Future

Significant Binance Inflows from XRP Investors

Over the past 30 days, major investors transferred more than 2.66 billion XRP to Binance, as noted by analyst J.A. Maartun. This marks the highest level of activity since April 2024, suggesting increased engagement by large XRP holders with the exchange.

“In the last 30 days, 2.66 billion XRP tokens were moved to Binance, representing the highest investment by major players,” said Maartun.

A graph shared by CryptoQuant highlights three notable periods of large XRP transfers to Binance since November 2022. These include:

  • November 2022: 2.4 billion XRP
  • April 2024: 2.8 billion XRP
  • Current period: 2.66 billion XRP

Such movements often indicate a shift in market activity, potentially signaling selling intentions due to Binance’s strong liquidity.

 

RLUSD Stablecoin and XRP’s Price Recovery

At the time of writing, XRP’s price stands at $2.25, experiencing a 3.3% drop within 24 hours. However, after briefly falling to $1.912, XRP showed signs of recovery. This resurgence aligns with Ripple Labs securing approval for the RLUSD stablecoin from the New York Department of Financial Services (NYDFS).

The approval allows Ripple to launch the stablecoin on previously announced partner platforms, further strengthening the XRP ecosystem. The introduction of RLUSD could enhance investor confidence and contribute to XRP’s long-term price stability.

Implications for XRP’s Future

The combination of significant Binance inflows and RLUSD’s approval positions XRP at a critical juncture. While the increased activity may create short-term selling pressure, the broader developments within the XRP ecosystem, such as the stablecoin’s launch, offer potential for sustained growth.

For more insights into the evolving cryptocurrency market, follow Dey There.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Arctic Pablo is Among the Top Meme Coins to Invest in This Week Presale surged past $1 Million While Moo Deng and Fartcoin Gain Momentum in 2025

CEO Raoul Pal’s Bold Take: Gold vs. Crypto in Today’s Market

Bitcoin Spot ETFs Soar: $11M Inflows Amid GBTC Outflows – What’s Driving the Trend?

Ethereum, XRP, SOL: Top Whale Moves Shake Altcoin Market in Early June

Top Meme Coin Presales to Buy Now? BTFD Coin Joins the Club With a Rewarding P2E Game, as Floki and Pudgy Penguins Turn Heads

TAGGED:CryptoQuant analysisRLUSD stablecoinXRP Binance inflowsXRP price recovery

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByCamila Santos
Camila Santos is a blockchain and cryptocurrency specialist with 9 years of experience in the field. Starting her career in the financial sector, Camila quickly became interested in the potential of blockchain to revolutionize finance. She has since been involved in several high-profile blockchain projects, including the development of decentralized platforms and financial products. Her expertise spans across blockchain governance, smart contracts, and the broader implications of blockchain for the global financial system. At DT NEWS, Camila provides readers with expert analysis and commentary on the latest developments in the blockchain and cryptocurrency industries, ensuring they stay informed about key trends.
Previous Article Binance Strikes Partnership with Industry Titan for Innovation Circle Binance Strikes Partnership with Industry Titan for Innovation
Next Article the impact of U.S. inflation data on cryptocurrency and Federal Reserve decisions. The design incl Breaking News: Key Data Released—What’s Next for the Fed and Crypto?
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)