XRP Sees Record-Breaking Binance Withdrawal Amid Steady Institutional Demand

XRP has experienced a substantial withdrawal from Binance, marking its largest single-day outflow since February. This significant movement of tokens occurred near the $1.35 price level, which may suggest that institutions are accumulating XRP.

Concurrently, US spot XRP ETFs have seen 16 days of continuous positive inflows totaling $116.75 million, indicating strong institutional demand for the cryptocurrency.