A key figure allegedly behind the Huione network has been extradited to China, 
where he will face fraud and money laundering charges. A report from Hong 
Kong-based news outlet Ta Kung Wen Wei noted that Li Xiong, who was part…

China takes custody of alleged Huione Group chairman Li Xiong

XRP is struggling to push above current levels. The market is uncertain. And 
on Binance, the supply of XRP available to be sold has not recovered — even 
after months of price weakness that should have brought sellers back. Related 
Reading: Ethereum Is Flashing a Warning Signal Most Holders Are Ignoring – 
Here Is What It Says A CryptoQuant report tracking Binance&#8217;s XRP supply 
structure has identified a condition that stands in direct contrast to what 
normally happens during a prolonged price decline: the reserve has not 
rebuilt. XRP reserve value on Binance currently stands at approximately $3.6 
billion, while cumulative netflows remain deeply negative at -$11.4 billion. 
Those two figures together describe a market where coins have left the 
exchange and stayed left, not returning to the sell side despite every price- 
based incentive to do so. That is the detail worth pausing on. When prices 
fall significantly from their highs, exchange supply typically expands. 
Holders who bought at a higher price return to sell. Liquidity rebuilds. The 
book refills. None of that has happened here. The persistent negative netflow 
structure on Binance suggests something more durable than a temporary 
withdrawal — a broad, sustained migration of XRP away from the exchange and 
into private custody. XRP is struggling at current levels. The supply 
available to push it lower is also quietly running out. A Thin Book Does Not 
Guarantee a Rally The report&#8217;s market structure argument is precise and worth 
stating in full. When exchange reserves compress — when the pool of 
immediately available XRP on Binance shrinks — the venue&#8217;s capacity to absorb 
buying demand without moving the price diminishes proportionally. A thinner 
book means smaller inflows can produce larger price movements. The market 
becomes more reactive, not because sentiment has changed, but because the 
supply buffer that would normally cushion price swings has been removed. When 
that condition exists alongside deeply negative cumulative netflows — as it 
does now, with -$11.4 billion in net outflows and no meaningful rebuild — the 
picture becomes structural rather than cyclical. Withdrawals have consistently 
outweighed inflows across the entire measurement period. That is not a short- 
term anomaly. It is a sustained directional behavior that has compressed 
Binance&#8217;s XRP supply to a level that looks nothing like the periods of neutral 
market structure that preceded previous price recoveries. The report is 
careful about what this means and what it does not. Structural tightness is a 
condition, not a catalyst. It does not trigger a move. It amplifies one when a 
trigger arrives. With reserves at $3.6 billion and cumulative netflows at 
-$11.4 billion, the XRP supply environment on Binance has not normalized. It 
has tightened — and it has stayed tight. The market that existed before the 
drawdown was a different market. This one has less XRP to sell, less buffer to 
absorb demand, and less room for the price to remain indifferent to a change 
in buying pressure. Related Reading: XRP Is Quietly Leaving Binance. A Hidden 
Signal Says Something Is Building Beneath It XRP Stabilizes After Breakdown, 
but Structure Remains Weak XRP is trading around the $1.35 level after a sharp 
breakdown in February that decisively shifted the market structure to the 
downside. The chart shows a clear loss of trend, with price falling below all 
major moving averages and failing to reclaim them during subsequent recovery 
attempts. Since the capitulation move, XRP has entered a narrow consolidation 
range between approximately $1.25 and $1.50. This range reflects a temporary 
balance, but not strength. The 50-day and 100-day moving averages are both 
trending downward above price, acting as dynamic resistance and reinforcing 
the lack of bullish momentum. The 200-day moving average remains significantly 
higher, confirming the broader downtrend is still intact. Related Reading: 
Binance Inflows Suggest Money Is Starting to Move Back Into Crypto – Find Out 
What Changed Volume provides additional context. The spike during the February 
sell-off suggests forced liquidation or aggressive distribution, while the 
muted volume during the current consolidation indicates limited demand. Buyers 
are present, but not with enough conviction to reverse the trend. Importantly, 
XRP continues to print lower highs even within this range, signaling 
persistent selling pressure on rallies. Until price reclaims key moving 
averages and breaks above the $1.50 resistance with strength, the current 
structure favors continuation or extended consolidation rather than a 
confirmed recovery. Featured image from ChatGPT, chart from TradingView.com

$11.4 Billion in XRP Has Left Binance. Here Is What Happens When Demand Returns

The crypto market has started tanking once again, dropping 2.6% to 2.37 
trillion as US President Donald Trump announced that the U.S. campaign against 
Iran would be entering a final phase over the coming weeks to end the conflict 
once…

Why is the crypto market crashing today? (April 2)

The attack exacerbates tensions, reducing ceasefire prospects and increasing 
the likelihood of U.S. military escalation in the region.
The post Iran attacks U.S. base in jordan amid escalating conflict appeared 
first on Crypto Briefing.

Iran attacks U.S. base in jordan amid escalating conflict

Singh faced legal action from the SEC, CFTC and US Department of Justice after 
FTX collapsed in November 2022 but avoided significant prison time by 
cooperating with authorities.

Cryptocurrency price in CLP