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Fear & Greed:
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Bitcoin:
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BTC Dominance:
% 58.6
Market Cap:
$3.15 T

Ripple Transfers Million-Dollar XRP to Binance!

Ripple XRP transfer Binance movement

Ripple transferred over $101 million worth of XRP to Binance, sending waves through the crypto market. XRP price fell under pressure as investor sentiment shifted quickly. The Ripple XRP transfer is closely watched due to potential selling pressure in the short term.

Despite strong inflows into XRP ETFs, this large transfer signals possible market caution. Analysts suggest that the move could still create opportunities if key price levels are broken. Investors are monitoring both on-chain data and market reactions closely.

What Ripple’s $101 Million XRP Transfer Means

On December 4, Whale Alert confirmed a transfer of 46,019,328 XRP from Ripple to a wallet linked to Binance, totaling over $101 million. This comes amid strong interest in XRP ETFs in the U.S., signaling possible short-term market pressure despite ongoing ETF inflows.

U.S.-listed XRP ETFs received more than $50 million in net inflows in the last 24 hours. Grayscale’s GXRP led with the largest share, followed by Franklin’s XRPZ and Bitwise XRP ETFs. Ripple’s large transfer, however, raised concerns about short-term selling pressure. On the other hand, ongoing ETF interest may support medium-term XRP performance.

XRP Price Under Pressure: Technical Outlook

Following the transfer, XRP price dropped nearly 2%, and trading volume declined by over 30% in the last 24 hours. Intraday highs remained limited, reflecting lower trader interest. On-chain data also shows weak whale flows in recent weeks, despite increased economic activity on the XRP ledger.

Analyst Ali Martinez highlighted that XRP has been moving in a descending channel since October. He predicts a potential rally toward $2.75 if XRP breaks above $2.28. Veteran trader Peter Brandt also expects the downtrend to end soon, potentially triggering upward momentum toward $3.

Key Metrics Investors Are Watching

XRP futures open interest declined over the past 24 hours. While CME saw a slight increase, Binance and Bybit experienced drops in futures positions. These data suggest reduced short-term trader activity. On-chain economic indicators have not yet confirmed a strong recovery.

Investors are focusing on critical market signals:

  • Selling pressure risk after Ripple XRP transfer

  • Continuation of ETF inflows

  • Technical breakout above $2.28

  • Whale activity and trading volume trends

While ongoing ETF demand could support medium-term XRP performance, large transfers to Binance keep short-term sentiment fragile. Market participants are closely monitoring both technical levels and on-chain flows.

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