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Binance sees 465M XRP withdrawn in June amid price drop and key support test

Technical Signals
12 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Binance recorded large XRP withdrawals totaling about 465 million between June 3 and June 11, 2026, signaling a shift in market behavior as whale transactions grow more frequent. Despite XRP's price falling to around $1.04 and entering a key support zone near $0.70-$0.90, on-chain data shows significant coin movement off exchanges, potentially reducing sell-side liquidity. Technical analysis highlights resistance levels near $1.45-$1.78 that must be reclaimed for a bullish reversal, but current trends suggest caution as XRP tests this critical support area. Market watchers will monitor if these outflows continue and whether XRP stabilizes or declines further.

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