Binance Observes XRP’s Critical Juncture Amid Market Turbulence
As of December 2, 2025, XRP finds itself navigating treacherous market conditions, having decisively broken below the psychologically significant $2.20 support level. This breach has triggered intensified selling pressure across major exchanges, including Binance, where trader sentiment is being tested by a looming technical pattern known as a "death cross." This bearish signal, where a short-term moving average crosses below a long-term one, is contributing to market unease and could foreshadow further downside if key support zones fail to hold. Despite the prevailing short-term pessimism, on-chain data reveals a nuanced story. A notable trend of significant withdrawals from exchanges over recent weeks points to long-term holders opting to consolidate their positions, potentially moving assets into cold storage in a classic 'hodling' strategy rather than capitulating to sell-offs. This behavior suggests a segment of the market remains confident in XRP's long-term valuation, viewing the current dip as a buying opportunity or simply refusing to sell at a loss. Counterbalancing the retail anxiety is sustained institutional interest. Major asset managers like Franklin Templeton and Grayscale have reported net inflows into their related cryptocurrency investment products, including ETFs, for three consecutive days. This institutional accumulation during a price decline is a critical factor to watch, as it often indicates a divergence between short-term price action and long-term conviction from sophisticated investors. For platforms like Binance, this environment creates a dynamic of high volatility and shifting liquidity. The exchange is likely seeing elevated trading volumes as short-term traders react to technical signals while simultaneously processing the underlying withdrawal trend from diamond-handed holders. The coming days will be crucial in determining whether the institutional buying and holder consolidation can provide a sufficient foundation to stabilize the price, or if the bearish technical momentum and selling pressure will push XRP into a deeper correction. All eyes are on Binance's order books and volume profiles for the next directional cue.
XRP Edges Toward a Critical Support Zone
XRP has slipped below the $2.20 threshold, intensifying selling pressure as a looming "death cross" signal unsettles traders. Long-term holders appear to be consolidating, evidenced by significant withdrawals from exchanges in recent weeks. Yet short-term indicators suggest the downtrend remains firmly entrenched.
Institutional interest persists, with Franklin Templeton and Grayscale ETFs recording net inflows for three consecutive days. Meanwhile, Binance's XRP reserves have dwindled to 2.7 billion tokens—their lowest level in a year. Nearly 300 million XRP have exited exchange wallets since October, reinforcing accumulation trends. However, weak spot demand fails to offset this buildup, while derivatives market turbulence reignites short-term selling pressure.
Technically, the $2.17–$2.18 range emerges as critical support after prices stabilized following a retreat from $2.22. Resistance between $2.23–$2.24 continues to cap upside attempts. The asset has traded within a descending channel for two weeks, with each rally attempt meeting consistent rejection below key moving averages.
Traders Shift Focus to Remittix as XRP and XLM Face Resistance
Market data reveals a quiet accumulation of Remittix (RTX) tokens as traders pivot toward payment projects with tangible utility. While XRP struggles to reclaim $2.19 and XLM lingers at $0.253 despite developmental strides, exchange reserves and institutional activity signal a broader trend.
Binance's XRP holdings have plummeted by 310 million tokens since October, now hovering NEAR 2.71 billion. At the current withdrawal rate of 45-55 million XRP weekly, reserves could dip below 2.6 billion by year-end. This supply squeeze coincides with steady inflows into XRP spot ETFs, which have absorbed $30-$50 million weekly since their November launch.
The market is voting with its wallets. Projects demonstrating real-world payment infrastructure—like Remittix—are gaining stealth traction while established tokens battle technical resistance. Institutional demand patterns now favor assets bridging traditional finance and blockchain efficiency.
XRP Reserves on Binance Hit Multi-Year Lows as Accumulation Intensifies
Binance's XRP reserves have plummeted to approximately 2.7 billion tokens, marking one of the lowest levels in years. Over 300 million XRP exited the exchange since October 6, signaling aggressive accumulation by long-term holders and institutions. Analysts interpret the outflow as bullish, with most tokens migrating to private wallets rather than being primed for sale.
The cryptocurrency holds steady between $2.17 and $2.20, supported by shrinking exchange inventories. A decisive breach below $2 could trigger short-term downside, but the overall structure remains constructive. Meanwhile, nine XRP ETFs are actively sourcing tokens through off-exchange channels, with weekly inflows hitting $73.9 million and $89.3 million in recent weeks. Four additional ETF approvals loom—a development that may soon give XRP more ETF products than Bitcoin.
Zero Knowledge Proof Presale Gains Momentum as BNB and Hyperliquid Navigate Critical Junctures
Market participants are closely tracking three cryptocurrencies exhibiting pivotal price action. Binance Coin (BNB) consolidates near a historically significant trendline, with on-chain data revealing sustained network growth despite recent retracement. The asset's current position at the upper boundary of its ascending channel mirrors a 2024 breakout pattern.
Hyperliquid faces imminent token unlocks, fueling speculation about supply-side pressure. Meanwhile, Zero Knowledge Proof's live infrastructure launch and presale auction are drawing early adopters seeking allocations before 24-hour windows expire. The project's proof pods, shipping globally within five days, offer immediate yield generation upon delivery.
