Binance News: XRP Traders Withdraw Significant Funds Ahead of Ripple CEO’s White House Summit

In a recent development in the cryptocurrency market, traders have shown significant interest in XRP ahead of Ripple CEO Brad Garlinghouse’s appearance at the White House Summit. Here’s a closer look at what transpired:

XRP Traders Withdraw $130M from Binance Ahead of Ripple CEO’s White House Summit Appearance

XRP traders withdrew $130 million from Binance ahead of Ripple CEO Brad Garlinghouse’s appearance at the White House Summit. The XRP price stabilized above $2.52 on Friday, posting a 23% weekly gain. The coin reclaimed the $2.50 level after the summit attendance was confirmed. Since President Trump announced a crypto strategic reserve on Sunday, XRP deposits on Binance have declined by $100 million. The price holds firm above $2.40, defying broader market volatility seen in other mid-cap assets. Investors are positioning ahead of the event, which could trigger another breakout phase for XRP.

Binance Coin eyes $650: Traders, watch out for key levels

BNB’s ecosystem has seen notable growth, with the total number of BNB addresses recently hitting a record 229 million. This growth coincides with a price rise from $517.75 to $598.44. From January end to mid-February, addresses increased steadily from 219 million to 228 million, showing growing user engagement. Early March saw a sharp uptick, further reinforcing the trend of rising activity within the BNB ecosystem. Spot netflow data from Coinglass also highlighted shifting investor behavior.