XRP falls 3.4% as Binance hack triggers $6.3 billion crypto sell-off

XRP dropped 3.4% on Friday, sliding below a crucial support level after Ripple ’s recent business updates and a major security breach at Binance shook the broader cryptocurrency market. Ripple reported it is on track to reach a $900 million annualized revenue run rate by the end of 2026. This figure represents projected revenue if current growth continues through the year, not total revenue received. Company management anticipates that Ripple’s payments network will process $150 billion in cumulative transactions by the close of 2026. The network facilitates international transfers in over 60 payout markets worldwide, involving more than 1,700 clients, including financial institutions and large corporations. Ripple CEO Brad Garlinghouse discussed rapid shifts in digital finance, noting the migration of market infrastructure to modern, real-time settlement systems.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.