What happened? A $63M XRP transfer to Binance during Friday’s crash raised eyebrows, but buyers quickly stepped in.
A large $63 million XRP move to Binance coincided with a market dip and sparked concern among traders. Buyers aggressively bought around the $2 level, and smart money used the drop to accumulate. XRP has since recovered to about $2.50 on strong volumes while ETF holdings like XRPR stayed near $90 million.
Who does this affect? Short-term traders, long-term XRP holders, ETF investors, and exchanges are the main parties watching this move.
Short-term traders and whale-watchers had to react to the volatility and potential liquidations. Long-term, diamond-handed holders and institutional ETF investors benefited from buying the dip and keeping exposure steady. Exchanges like Binance and on-chain analysts are under the microscope, but the transfer alone doesn’t prove a market-wide sell-off.
Why does this matter? The buying pressure and steady ETF assets suggest a bullish market signal that could impact prices if momentum continues.
The aggressive buying at the $2 support and above-average volumes point to technical strength and a possible trend reversal. A breakout above $2.70 — and then $3 to $3.5 — could accelerate momentum and push XRP significantly higher, even toward $5 if gains extend. With ETFs holding steady and institutional interest growing, this behavior could translate into stronger demand and a meaningful market impact if it persists.