Cryptocurrency Price Prediction: Binance and XRP Headlines, 22 November

Binance Price Prediction:

Binance is reportedly under one of the most extensive investigations by the US Department of Justice in the history of cryptocurrency firms, as per a Bloomberg report.

Ongoing negotiations between Binance and the Department of Justice suggest that the DoJ is aiming for over $4 billion from the exchange to conclude its prolonged inquiry.

XRP Price Prediction:

XRP maintained a price level above $0.60 in the early hours of Tuesday. The altcoin is currently experiencing an upward trend, driven by increased capital inflow from institutional investors into XRP funds.

In the last three weeks, significant wallet investors have divested their XRP token holdings, while retail traders have actively acquired the altcoin, contributing to a positive market outlook.

Over the past 24 hours, the cryptocurrency market experienced a slight contraction, with the total market capitalization dipping by 0.2% to reach $1.41 trillion.

Notably, Bitcoin saw a 0.7% increase, and Binance Coin (BNB) surged by 5.3%. However, the majority of alternative coins (altcoins) witnessed a decline in value.

According to data from CoinShares, the investment in cryptocurrency funds demonstrated a notable uptick, registering a weekly increase of $176 million.

This marks the eighth consecutive week of inflows, with a particularly accelerated trend over the last four weeks. Breakdown of the inflows reveals a rise of $155 million in Bitcoin investment, $3 million in Ethereum, and $14 million in Solana.

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