500M XRP withdrawn from Binance, impacting sell-side liquidity

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500 million XRP tokens have been withdrawn from Binance according to on-chain data reported by cryptoquant_com. This movement would reduce immediate sell-side liquidity, as assets transferred off exchanges are generally less available for quick sale. Previous reports indicate that Binance has experienced consistent XRP outflows, with its reserves reportedly nearing multi-year lows. These developments are significant for the XRP market as they suggest a potential change in liquidity conditions, though they do not directly confirm price changes. Prediction markets on XRP reaching a new all-time high by year-end show a moderate increase in odds.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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