Roughly 691 million XRP moved to Binance in a single day, the largest daily inflow from large holders since 2024, according to media reports. Whether that transfer signals fresh selling pressure or simply the restocking of exchange reserves after a security breach remains an open question — and the answer matters more than the headline number.
The ambiguity has a concrete backdrop. Binance's XRP reserves had already climbed by 280 million tokens between Tuesday and Thursday, reaching 2.63 billion XRP, a build-up market watchers likewise tied to replenishing holdings after the hack. Where the coins came from was never established. What the exchange has confirmed is its commitment to cover customer losses: by 3 November it had replaced 98% of the affected token assets, giving the reserve movements a plausible operational explanation rather than a purely bearish one.
A Patch With a Narrow Target
Separately, the XRP Ledger has closed a security gap in its permission logic. The fix addresses a flaw in the delegation of permissions: under certain conditions, accounts holding authority to destroy issued tokens could also create them. No exploitation has been publicly confirmed. Crucially, the vulnerability applied only to issued tokens on the network — XRP itself was never exposed. The repair therefore strengthens the infrastructure on which other assets are issued, a network-integrity story rather than a direct XRP supply event.
Should investors sell immediately? Or is it worth buying XRP?
Fund Flows Offer Little Support
Demand through US spot XRP ETFs has been thin. The funds recorded net outflows of about $530,000 on 2 November, followed by net flows of zero through Friday. On the most recent day, preliminary figures showed net outflows of $10.3 million — though only three of five funds had reported, leaving the tally incomplete. Either way, the products have yet to provide a meaningful counterweight.
Broader market conditions have added to the drag. Reuters reported concerns that a Democrat-controlled US Congress could tighten crypto regulation, and the Binance hack itself weighed on sentiment. Media coverage on Sunday also described widespread liquidations of leveraged crypto positions, linking XRP's decline to that market-wide selling.
Ripple Pushes on Rules as Europe Opens a Door
Ripple, meanwhile, is lobbying for clearer, rules-based requirements in place of case-by-case enforcement; its proposal remains under review. In Europe, the company noted that 37 financial institutions in the Qivalis consortium have received approval from the Dutch central bank to issue a regulated euro stablecoin, with launch planned for the coming months pending review of the whitepaper.
For holders, the picture is mixed: the ledger fix is live, the regulatory initiatives still hinge on reviews, and ETF inflows would be needed to shift the demand narrative. Until then, the purpose behind those 691 million tokens — sale or replenishment — is the variable that counts.
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XRP Stock: New Analysis - 10 November
Fresh XRP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
