XRP holders are moving coins off major exchanges at an accelerating pace, with Coinbase posting its weakest seven-day net wallet count since July 2024, according to CryptoQuant data cited on August 18, 2026.
Coinbase recorded a seven-day net wallet count of negative 14,300 on August 17, meaning withdrawing wallets significantly outnumbered depositing wallets. Binance followed with negative 3,270 net wallets, while Crypto.com registered negative 2,680. Coinbase first flipped negative on July 12, and Binance and Crypto.com both entered negative territory around July 18, indicating a sustained trend rather than a one-day spike.
Among tracked platforms, Coinbase accounted for 47.3% of the absolute seven-day wallet imbalance on August 18. Upbit's share declined from roughly 40% in June to about 12%, while Binance recovered from nearly zero around July 16 to approximately 10%.
The withdrawal-heavy activity comes as XRP trades near $0.996, just below the psychologically important $1 level. CryptoQuant's wallet metric counts participating wallets rather than actual token volumes, so it does not confirm whether coins are moving to private wallets, custody providers, or alternative exchanges.
Analyst views remain divided. Crypto Patel suggested XRP could still fall another 20% to 40% into an accumulation zone between $0.85 and $0.65. ChartNerd argued the asset is repeating a larger-scale coiling pattern that previously preceded a major bull run, with potential breakout targets of $8, $13, and $27 if ascending support holds.
At the time of writing, XRP was nearly flat over 24 hours, down slightly more than 1% over seven days, down 7% over two weeks, and about 9% lower over 30 days.
