XRP Price Takes Hit as 2.6 Billion Tokens Flood Binance
XRP's price has been experiencing downward pressure in recent times, and a new development may be exacerbating the situation.
According to data from CryptoQuant, over 2.6 billion XRP tokens have become available for sale on Binance, one of the largest cryptocurrency exchanges in the world.
This influx of XRP onto the exchange coincides with a broader climate of uncertainty within the digital currency arena.