470 Million XRP at Risk of Sell-Off on Binance, Here Are Price Scenarios
Analysis
Price Impact
MedA significant amount of xrp (470 million) has been deposited on binance, which is often seen as a precursor to a sell-off. this could lead to increased selling pressure and a price decrease if these tokens are indeed sold.
Trustworthiness
MedThe information comes from on-chain data and a prominent xrp proponent, but the actual execution of a sell-off is speculative. the article also mentions broader market strength and developer engagement as counterbalancing factors.
Price Direction
BearishThe large deposit to binance signals potential selling pressure. the article explicitly mentions scenarios where xrp might retest the $1.30 support if these deposits translate to sell-offs. while a bullish consolidation is mentioned, the immediate concern is bearish.
Time Effect
ShortThe article focuses on recent activity (past week) and immediate price scenarios, suggesting the potential impact is more likely to be felt in the short term.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The volatility on the broader crypto market remains a determining factor shaping both retail and whale activities. Over the past week, on-chain data shows that as many as 470 million XRP have been deposited on Binance. Advertisement XRP Sell-off in view? XRP netflow remains a major trend that determines investor outlook. Precisely, the netflow from the XRP Ledger to Binance, per CryptoQuant data , comes in at $472 million. As amplified by XRP proponent STEPH IS CRYPTO, this shows a bearish outlook as such deposits might be accompanied by some sell-offs. 💥BREAKING: $XRP just saw 472M tokens moved to Binance in the past 7 days ($650M). Bearish signal. pic.twitter.com/vacakhPScz — STEPH IS CRYPTO (@Steph_iscrypto) March 2, 2026 The outlook was showcased in the coin’s price action in the short term. Over the past week, the XRP price has fallen by 1.08% to $1.36. This comes after a mild recovery for XRP as it has erased its more than 4% drawdown in the past 24 hours. Sell-off concerns remain on the horizon as the negative trading volume suggests poor liquidity conditions. As of writing time, daily volume has dropped 25%, signaling limited engagement by retail investors. Activities on the XRP Ledger have seen varied shifts in the past week. However, with active developer engagement, the projections are high that every negative trend, like the massive drawdown in XRP ETF flows in the past few days, will be upturned. If the Binance deposits translate to sell-offs, the XRP price may retest the $1.30 support. However, with broader market strength, a bullish consolidation toward $1.50 cannot be ruled out. You Might Also Like Mon, 03/02/2026 - 15:11 $0 in Dogecoin ETF Daily Net Inflow: Cause for Concern? By Tomiwabold Olajide Beyond XRP netflow, use case focus grows With a new month, Ripple Labs has released XRP from escrow in its usual manner, a move that can support broader use cases in different ecosystems. The optimism for XRP adoption by investors remains high as its integration on exchanges and platforms remains high. Proponents believe XRP is on track to displace Ethereum as the second-largest digital currency by market capitalization. While maintaining its role as a bridge asset, developers are pushing for new amendments that will help enhance the role of XRP on DeFi protocols on the XRPL . #XRP