#XRPGoal The temporary halt of XRP withdrawals on Binance has sparked widespread attention in the cryptocurrency community. Binance paused these withdrawals due to routine maintenance on wallets linked to the Ripple Ledger (XRPL), which led to some confusion and concern among investors. Prominent voices in the XRP community, such as Edward Farina, advised users to consider moving their assets off centralized exchanges to avoid withdrawal issues.
Binance clarified that the suspension was purely for maintenance and didn't affect XRP trading or withdrawals via alternative networks, such as Ethereum (ERC20) and BNB Smart Chain (BEP20). The maintenance was quickly completed, and XRP withdrawals were restored.
The incident also reignited discussions about the distinction between Ripple, the U.S.-based payment company, and XRP, its native asset, as the confusion impacts regulatory interpretations of XRP’s legal classification.
