- Binance has confirmed that XRP withdrawals are operating normally, debunking recent social media rumors about a suspension.
- The exchange’s swift response helped calm the community and dispel concerns over centralized exchange reliability.
In the ever-volatile world of cryptocurrency, even a single post can send waves of panic through the community. That’s exactly what happened recently when reports began circulating on social media claiming that Binance had suspended XRP withdrawals. However, the exchange has swiftly stepped in to set the record straight — everything is operating as normal.
Social Media Sparks Confusion
The confusion started when users on X (formerly Twitter) shared a screenshot that allegedly appeared when attempting to withdraw XRP. The message stated: “Your withdrawal is being processed as Ripple’s network is suspended at this moment.”
Given XRP’s popularity and previous instances of temporary withdrawal halts — like the one in late 2024 amid extreme market volatility — the post spread quickly, reviving old fears about exchange reliability.
Binance Denies Any Suspension
In response to the uproar, Binance directly addressed the rumors. A spokesperson told crypto.news, “XRP withdrawals are operating normally without any disruptions.” The exchange emphasized that no service suspensions had taken place, putting an end to the speculation.
This reassurance comes as a relief to many investors who were beginning to question whether they should keep assets on centralized platforms. The age-old crypto adage, “Not your keys, not your crypto,” re-emerged in discussions as some users reflected on the risks of centralized exchanges.
Also read: Bitcoin Winter Is Over: Michael Saylor Predicts Bitcoin’s Historic Surge to $1 Million and Beyond
Community Calm Restored
False alarms like this underline the need for clear and timely communication in the crypto space. Binance’s quick clarification not only restores confidence but also highlights the role of responsible reporting and cautious engagement with unverified information.
As of now, XRP withdrawals on Binance are functioning smoothly. While the crypto community remains vigilant, Binance’s prompt response helped prevent a full-blown panic — and reminded everyone that not all viral posts are based on fact.
