XRP Falls 3.32% as Ripple Moves $150M to Binance: What Happens Next?

XRP price today sits near $1.4517, down 3.32% in 24 hours. The drop came as Ripple moved almost $150 million in coins toward Binance.

This XRP price prediction looks at the transfer, ETF flows, futures data, and the chart. Traders want to know if this is selling pressure or just routine movement.

What Is the XRP Price Today?

The latest XRP price shows a market under pressure. The token fell to a 24-hour low of $1.45 after trading as high as $1.52.

The price is down more than 8.50% in two weeks. Still, it has held above key support so far.

Why Is XRP Down Today?

Two things stand out in the XRP news today. A warning from analyst Peter Brandt and a wider crypto selloff both added pressure.

Leveraged traders took the hit. About $12.64 million was liquidated in 24 hours, and $12.12 million of that came from long positions.

Most of the damage came between the 4-hour and 12-hour marks. That is when the bigger drop likely hit.

Did Ripple Move XRP to Binance?

This is the biggest piece of XRP's latest news. Whale Alert flagged 99,866,844 XRP, worth about $149.6 million, moving from Ripple to an unknown wallet.

XRPScan data gives more detail. The Ripple (50) wallet sent coins to a subwallet starting with rnU65s. That looks like an internal move, and it came a day after 100 million XRP left the Ripple (1) wallet.

Soon after, the same wallet sent about $150 million in XRP to the rpxh7h wallet. That is a subwallet tied to Binance (10). The coins now sit at the rGMiNv address, which is linked to Binance.

Big transfers from Ripple to exchanges are often read as selling pressure. But Ripple also moves coins for on-demand liquidity (ODL) and market making. No one has confirmed a sale.

Are XRP ETFs Still Seeing Inflows?

Yes, overall. As of October 6, XRP ETFs showed $3.14 million in daily net inflows. Cumulative net inflows stand at $1.79 billion.

Total net assets are $1.70 billion, which is 1.79% of the XRP market cap. Total value traded was $30.53 million.

Bitwise led the day. Franklin and Canary both saw money leave, and 21Shares is the only fund with negative cumulative flows.

What Does XRP Futures Data Show?

Trading was busy. Futures volume rose 35.01% to $3.57 billion, but open interest fell 5.78% to $3.36 billion. That points to some traders closing positions.

Options told a mixed story. Options volume dropped 11.16% to $5.61 million, while options open interest rose 3.29% to $70.89 million.

The overall ratio sits below 1, so shorts slightly lead across the market. Yet big traders on Binance and OKX lean long. Those views do not match, which is worth watching.

XRP Price Prediction: What Do the Charts Say?

For this XRP price forecast, the four-hour chart shows a falling wedge. This pattern can hint at a shift to a bullish trend, but only after a breakout above the upper line.

The level to watch is $1.51. A move above it could set up a run toward the September high of $1.65, especially if buyers return on Ripple's expansion news.

The bearish case could fade if crypto sentiment improves. A Bitcoin break above $86,000 resistance might lift altcoins too. None of this is certain, and charts can fail.

Final Thoughts

The Ripple transfer has people nervous, but the data is not one-sided. ETF money is still coming in, and the wedge is still intact.

For now, XRP is stuck between $1.45 and $1.51. The next clear move will likely start from one of those two lines.

Disclaimer

This article is for information only and is not financial advice. Crypto prices are very volatile, and you can lose money. Always do your own research and speak with a licensed financial advisor before you invest.