Binance, the world’s largest crypto exchange, recently suspended XRP withdrawals for users everywhere. The exchange said this was temporary and its technical team was already working to quickly fix the issue.
In:Binance pauses global #XRP drawer pic.twitter.com/rkalcmou1q
– XRP Chancellor (@xrpchancellor) June 9, 2025
The pause has affected many users. Issues such as delayed ledger updates and network nodes falling out of synchronization can slow the transaction being checked quickly or not. Therefore, replacements will stop the drawer at this time. Protects users and prevents failed or stacked transactions. However, some users have checked the suspension, but there are no official statements from Binance yet.
XRP faces significant resistance at $2.36
XRP is currently trading at $2.30, down 0.4% over the past 24 hours. The XRP technical outlook is currently neutral, with a slight bullish leaps in the short-to-medium term. It trades beyond key support levels such as 10, 20 and 50-day EMA (approximately $2.25-$2.26). This is a good sign.
The $2.36 200-day SMA is a major resistance level. MACD shows small purchases, but the momentum signal is weak. The XRP needs a strong push to exceed $2.36.
Community Response
The XRP community responded quickly, speculating on the reasons behind the freeze in withdrawal. Some feared bigger issues with Binance and XRP networks, while others used independent wallets as a reminder of why they were important in such times. One user said, “This is why I move the cryptography out of the exchange.”
Users pointed out that it was probably a small network issue. One of the frustrated users asked why someone was still using Binance. Binance may not have enough XRP, and this always happens before prices drop, so people can’t sell in time.