BTCC / BTCC Square / Binance News /
Binance Halts XRP Withdrawals Due to Technical Issues as Price Tests Key Resistance

Binance Halts XRP Withdrawals Due to Technical Issues as Price Tests Key Resistance

Published:
2025-06-12 03:35:16
5
2

Binance, the world''s largest cryptocurrency exchange, has temporarily suspended XRP withdrawals amid technical disruptions, sparking concerns among traders. The move comes as XRP struggles to maintain momentum near the $2.30 level, just below a critical resistance point at $2.36. Industry experts suggest the pause may be due to routine blockchain synchronization issues, such as delayed ledger updates or node desynchronization—common occurrences in cryptocurrency exchanges. This development highlights the ongoing challenges in maintaining seamless operations in the fast-evolving digital asset space.

Binance Temporarily Suspends XRP Withdrawals Amid Technical Disruptions

Binance, the world''s largest cryptocurrency exchange, has halted XRP withdrawals without immediate explanation, triggering concerns among traders. The suspension coincides with XRP''s struggle to hold momentum at $2.30, just below key resistance at $2.36.

Industry observers attribute the freeze to routine blockchain synchronization issues—delayed ledger updates or node desynchronization—common triggers for exchange-side withdrawal pauses. Binance''s silence exacerbates user frustration, particularly among those burned by similar outages in the past.

The incident fuels growing advocacy for self-custody solutions. Screenshots circulating in crypto forums confirm withdrawal failures, though no funds appear lost. Market impact remains contained as traders await resolution.

Top Cryptocurrencies to Watch After U.S.-China Trade Truce

Cryptocurrency markets are poised for a bullish resurgence as geopolitical tensions ease between the U.S. and China. The trade truce, coupled with softer-than-expected U.S. inflation data, has created fertile ground for risk assets to flourish. Investors are now eyeing digital assets with strong fundamentals and technical setups.

Maple Finance''s SYRUP token has emerged as a standout performer, rallying 510% from its April lows. The protocol now manages $2.2 billion in assets, with staked tokens exceeding 444 million. Solana (SOL) and Binance Coin (BNB) also present compelling cases with their robust ecosystems and liquidity profiles.

Market technicians note SYRUP''s breakout above the $0.47 resistance level invalidated a bearish double-top pattern. The token may retest this level before resuming its upward trajectory. Such price action reflects growing institutional interest in blockchain-based capital markets solutions.

Binance Coin Price Prediction: BNB Skyrockets Toward $675 Driven by Bullish Recovery and Market Demand

Binance Coin (BNB) is surging toward the $675 resistance level, fueled by a strong recovery and robust market demand. Technical indicators point to strengthening momentum, with rising open interest and stable trading volumes supporting further upside. The asset''s recent V-shaped rebound from a dip below $630 underscores renewed buyer confidence.

Derivatives data reveals heightened speculative activity during the June 5-6 volatility spike, with open interest peaking at 3.7 million contracts. As prices stabilized NEAR $672, market participants are closely watching for a potential breakout above the key psychological barrier.

Ruvi AI Emerges as a Promising Contender Following BNB''s Success Path

Ruvi AI (RUVI) is rapidly gaining traction in the cryptocurrency market, drawing parallels to Binance Coin''s (BNB) historic rise. With $1.7 million raised in its presale and over 145 million tokens sold, Ruvi AI demonstrates early momentum reminiscent of BNB''s ascent. The project''s upcoming audit aims to solidify trust through transparency, a strategy that fueled BNB''s growth from a utility token to a top-tier asset.

Unlike BNB, which thrives on exchange-based utility, Ruvi AI merges blockchain with artificial intelligence to target broader industrial applications. This differentiation positions it as an innovator rather than a direct competitor. Market observers note the presale''s strong performance—currently in Phase 2—as evidence of institutional interest in AI-driven crypto projects.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users