The cryptocurrency market continues to be volatile, and XRP is no exception. On-chain data shows that a significant amount of XRP has been deposited on Binance in recent times, raising concerns about a potential sell-off. The netflow from the XRP Ledger to Binance is worth around $472 million, according to CryptoQuant data.
The XRP price has fallen by 1.08% to $1.36 in the past week, which may be attributed to these deposits. However, it's essential to note that this trend may not necessarily lead to a sell-off, as the broader market is currently experiencing a bullish sentiment.