XRP Withdrawals Surge to Their Largest Share of Exchange Transactions in 7 Years

$XRP withdrawals from centralized exchanges have surged as the token continues to struggle in a prolonged downtrend.

Notably, $XRP has lost more than 72% from its $3.6 all-time high, but exchange data shows that more $XRP exchange transactions now involve withdrawals.

$XRP Exchange Withdrawals Reach a Seven-Year High

Market watcher Amr Taha called attention to this trend in a recent analysis, noting that withdrawals have reached their highest share of $XRP exchange transactions since 2019.

Importantly, the increase appears across both Binance and the wider centralized exchange market. On Aug. 14, withdrawals made up 56.85% of $XRP exchange transactions on Binance, while withdrawals across all CEXs reached 54.9%.

At the same time, deposit transactions fell to their lowest shares since 2019. For context, Binance deposits accounted for 43.12%, while deposits across all CEXs stood at 45.0%.

Binance Records a Wider Gap

Notably, the trend appears to be more dominant on Binance, where the share of withdrawal transactions now stands 13.73 percentage points above the share of deposits.

Across all centralized exchanges, the gap reached 9.9 percentage points. This shows that $XRP exchange activity has moved more toward withdrawals in recent days.

According to Taha, the figures use a seven-day measure, so the latest readings do not simply reflect activity from one day. Instead, they show a more sustained change in exchange transaction activity.

The fact that Binance and the broader CEX market are showing similar trends also suggests that the trend is not limited to one exchange.

However, the data does not confirm that $XRP is seeing net outflows from exchanges or that investors are accumulating the token.

The metric measures the share of transaction counts rather than the amount of $XRP transferred. As a result, the higher withdrawal share only shows that withdrawal transactions currently make up a larger part of exchange activity. It does not show whether more $XRP is leaving exchanges than entering them.

$XRP Price Remains Weak

Meanwhile, $XRP currently trades at $1.0036, with a 24-hour trading volume of $932.3 million and a market cap of $63.19 billion. $XRP recently dropped below $1 for the first time this year, but buyers stepped in and defended the level.

The technical picture remains bearish. $XRP trades below its 50-day SMA near $1.0775 and its 200-day SMA near $1.2973, forming a death cross setup. The weekly RSI also remains weak at 31.19, confirming continued selling pressure but not yet firmly oversold.

For buyers to regain control in the short term, $XRP needs to close above $1.22 for three straight days. This move could improve its momentum. On the other hand, a break below $1 could increase the downside risk and open the way for institutional outflows.

$XRP ETF Demand Has Also Slowed

Also, institutional demand for $XRP has weakened sharply as well. Spot $XRP ETFs attracted only $27.29 million throughout July, far below the $666 million they brought in during their first month of trading in November 2025. Out of July’s 22 trading sessions, 11 recorded zero flows, showing how limited demand became during the month.

August has not brought much improvement so far. Notably, $XRP ETFs recorded zero flows for four straight days before receiving a small $2.2 million inflow yesterday. Together with $XRP’s weak price action, the low ETF flows show that institutional demand has cooled considerably.