XRP Slips Despite Reported $540 Million Departure From Binance
XRP fell to $1.20 as roughly $540 million in tokens left Binance without preventing a broad market decline.
XRP fell to $1.20 as roughly $540 million in tokens left Binance without preventing a broad market decline. XRP (XRP) is trading at $1.20. This is an original TLT brief based on reporting by BeInCrypto, with live market data added, as of Fri, 06 Nov 2026 11:00:04 UTC.
The divergence between exchange outflows and price performance shows that movement off Binance did not translate into near-term buying pressure. XRP also remained exposed to a wider risk-off crypto market.
- About $540 million in XRP left Binance in one day
- XRP trades at $1.20, down 8.87% over 24 hours
- Seven-day decline stands at 4.54%
- Fear & Greed index sits at 28
- 40 Million XRP Moved From Binance Hacker Wallet
- XRP Slips Despite Reported $540 Million Departure From Binance — this brief
XRP declined to roughly $1.20 despite a reported one-day outflow of about $540 million in tokens from Binance, according to BeInCrypto. The news comes as buyers have not provided enough support to offset the selling pressure, the outlet said.
BeInCrypto’s market snapshot placed XRP at $1.21 after a 7.66% decline over 24 hours. The supplied live data shows a slightly weaker position at $1.20, with XRP down 8.87% over 24 hours and 4.54% over seven days. Its market capitalization stands at $76.25 billion.
The market move also occurred against a broadly negative crypto backdrop. 
Bitcoin fell 5.24% over 24 hours, while the total crypto market capitalization was $2.62 trillion. The Fear & Greed reading of 28 places market sentiment in the “Fear” category.
The key distinction is that the reported Binance outflow records XRP leaving the exchange but does not establish that those tokens were sold. The accompanying price decline indicates that the transfer did not produce a sustained rise in XRP, leaving its broader-market weakness and the incomplete US spot XRP ETF story as developments to monitor. BeInCrypto began discussing those ETFs but the supplied summary did not provide details about their activity or performance.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.20 to $1.20 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,655.1 (about $1.20), down 9.1% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Slips Despite Reported $540 Million Departure From Binan — questions & answers
How much XRP left Binance?
BeInCrypto reported that about $540 million worth of XRP left Binance in a single day this week.
What is the latest XRP price and decline?
Live data shows XRP at $1.20, down 8.87% over 24 hours and 4.54% over seven days.
Does a Binance outflow prove XRP was sold?
No. The supplied report establishes that tokens left the exchange, but it does not say whether they were sold or held elsewhere.
How much is 1 XRP worth in naira today?
About ₦1,655.1 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.20. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from BeInCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.