Ripple Transfers 50 Million XRP to Binance Last Week; XRP Rises 12% With No Confirmed Sales

According to Whale Alert, Ripple transferred 50 million XRP (worth approximately $59 million) to Binance-associated wallets last week through an intermediary Ripple-controlled wallet, with blockchain data showing no confirmed evidence of direct market sales. The tokens were distributed in structured 2 million XRP batches to Binance addresses rBNCyN and rnPpiy, a pattern consistent with Ripple's On-Demand Liquidity operations rather than an open-market sell-off, according to blockchain intelligence platform XRPScan.

Despite the transfer activity, XRP climbed more than 12% from its seven-day low of approximately $1.05 to trade near $1.16, with 24-hour range between $1.14 and $1.18, suggesting the market is not treating the movement as bearish. Trading volume increased around 4% during the same period. Analyst Ali Martinez identified $0.90 as a critical long-term support zone, while traders are watching $1.20 as key resistance, with $1.18 as the level needed to sustain upside momentum.