Binance, the largest cryptocurrency exchange in the world, temporarily suspended the withdrawal of $XRP due to technical issues in the Ripple network. According to the official statement, this happened due to delays in node synchronization or ledger updates, which complicated transaction confirmations. The exchange emphasized that this is a preventive measure to protect users' funds, and trading of XRP remained unchanged. At the time of suspension, the price of XRP was $2.30, down 0.4% over the day, but remaining above key support levels ($2.25–$2.26).
The XRP community reacted actively: some users speculated about liquidity issues, while others advised using non-custodial wallets, emphasizing the principle of 'not your keys – not your crypto.' Binance quickly dismissed rumors of serious problems, assuring that withdrawals were resumed after maintenance.
This incident highlighted the risks of centralized exchanges during high volatility. Analysts recommend diversifying asset storage by using cold wallets for security. For the latest news in the crypto market, subscribe to #Mining Updates
