XRP Withdrawals on Binance Hit a One-Year High as Deposits Plummet

2 hour ago 2 sources neutral

Key takeaways:

  • Sustained XRP outflows from Binance hint at accumulation, reducing immediate selling pressure.
  • Transaction count bias cautions against treating this data as a direct price catalyst.
  • Prolonged withdrawal dominance may foreshadow bullish sentiment shift for XRP.
XRP XRP $1.11 -1.93%

According to data from CryptoQuant, the 7-day moving average of XRP withdrawals on Binance surged to 53.8% of total XRP transactions on the exchange, marking the highest level since June 2024. Over the same period, the share of deposits fell to 46.1%, the lowest rate since 2024.

This 7.7 percentage point difference was not a one-day anomaly; XRP withdrawals consistently exceeded deposits for seven consecutive days starting June 17, 2026, indicating a sustained shift in trading behavior on Binance.

CryptoQuant emphasized that the metric tracks the number of deposit and withdrawal transactions, not the dollar value or quantity of XRP moved. Therefore, the increase in withdrawal activity alone should not be interpreted as a direct buy or sell signal.

Previously on the topic:
Jun 19, 2026, 1:49 p.m.
XRP Whales Offload 30M Tokens as ETF Inflows Counter Selling Pressure
XRP XRP XRP $1.11 -1.93%
Sustained withdrawal dominance suggests reduced near-term sell pressure, potentially supporting prices if accumulation continues. Limited short-term impact expected; longer-term supply shock possible.
Sources
XRP Withdrawals on Binance Hit a One-Year High, While XRP Deposits Hit a One-Year Low—What Does This Mean?
Bitcoin Sistemi 23.06.2026 18:54
XRP withdrawals on Binance hit a record breaking 53.8%! What does this mean for the market?
COINTURK NEWS 23.06.2026 23:59
Top Today
yesterday / 19:13 6 sources
US Composite PMI Rises to 52.2 in June, Signaling Steady Economic Expansion
BTC BTC $62835.90 -2.10%
ETH ETH $1670.52 -3.55%
yesterday / 18:10 8 sources
Meta's Zuckerberg to Launch Arena Prediction Market App, Rivaling Polymarket and Kalshi
yesterday / 14:16 6 sources
MemeToro Presale Nears Completion as AI-Powered SocialFi Lures SPX and LiquidChain Investors
MT MT
yesterday / 14:03 13 sources
Ethereum Foundation Completes Restructuring, Reduces Workforce by 20%
ETH ETH $1670.52 -3.55%
yesterday / 13:23 9 sources
Sui's Hashi Gains Institutional Heavyweights Before July Testnet
SUI SUI $0.70 -2.34%
BTC BTC $62835.90 -2.10%
yesterday / 12:52 8 sources
Global AI and Tech Rout Sends Bitcoin Below $63K Amid Rate Hike Jitters
BTC BTC $62835.90 -2.10%
yesterday / 11:50 11 sources
THORChain resumes trading after $10.7M exploit and month-long halt
RUNE RUNE $0.42 -0.28%
Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.