Binance, the largest crypto exchange in the world, recently paused XRP withdrawals for users everywhere. The exchange said this was only temporary, and its tech team was already working to fix the issue quickly.
🚨JUST IN: BINANCE SUSPENDS GLOBAL #XRP WITHDRAWALS pic.twitter.com/rKalCmou1q
— XRP Chancellor (@xrpchancellor) June 9, 2025
The pause affected many users. Sometimes, problems like delayed ledger updates or network nodes falling out of sync can slow down how fast transactions are confirmed. That’s why exchanges stop withdrawals during times like this — to protect users and prevent failed or stuck transactions. However, while some users confirmed the suspension, there is no official statement from Binance yet.
XRP Faces Key Resistance at $2.36
XRP is currently trading at $2.30, down 0.4% in the last 24 hours. XRP’s technical outlook is currently neutral, with a slight bullish tilt in the short to mid-term. It is trading above key support levels like the 10, 20, and 50-day EMAs (around $2.25–$2.26), which is a good sign.
The 200-day SMA at $2.36 is a key resistance level. MACD shows a small buy, but momentum signals are weak. XRP needs a stronger push to break past $2.36.
Community Reactions
The XRP community was quick to react, speculating on the reason behind the withdrawal freeze. Some feared bigger issues with Binance or the XRP network, while others used it as a reminder of why self-custody wallets matter during such times. One user said, “This is why I move my crypto off exchanges.”
Users noted that it’s probably just a small network issue. One frustrated user asked why anyone still uses Binance. One even guessed that Binance might not have enough XRP, and this always happens before the price drops, so people cannot sell in time.
