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Ripple transfers $59M in XRP to Binance wallets amid price rise and market watch on $1.20 resistance

Market News
10 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Ripple moved 50 million XRP tokens worth about $59 million to an intermediary wallet, which then distributed the tokens in batches to Binance-linked wallets. This transfer aligns with Ripple's usual On-Demand Liquidity operations rather than a direct sale, easing fears of market dumping. XRP's price has risen over 12% recently, trading near $1.16, with analysts watching the $0.90 support and $1.20 resistance levels. Continued technical upgrades and ETF inflows support XRP's bullish momentum amid broader market inflation concerns.

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