XRP Whale Outflows Shift to Binance as Coinbase Activity Cools
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Large XRP holders are shifting activity to Binance, with transfers exceeding 1 million XRP making up 52.9% of Binance outflows as of June 9, up from 47%, and withdrawals above 100,000 XRP now near 80% of Binance outflows. Coinbase whale transfers have cooled, XRP network activity has declined, and traders are watching key support and resistance levels, highlighting concentrated exchange flows and potential selling risk for XRP price.
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- Large XRP holders are shifting activity to Binance, with whale outflows now dominating exchange flows.
- Binance is seeing bigger XRP withdrawals as Coinbase records a sharp drop in whale transfers.
- XRP network activity has cooled sharply, while traders watch key support and resistance levels.
Large XRP holders are increasingly using Binance to move funds, while activity among the same group has declined on Coinbase, according to CryptoQuant analyst Amr Taha. The shift points to a growing divergence in XRP trading activity between the two exchanges.
Taha said transactions exceeding 1 million XRP accounted for 52.9% of Binance outflows as of June 9, up from 47% previously. Transfers between 100,000 and 1 million XRP also increased, bringing the share of Binance outflows above 100,000 XRP to nearly 80%.
Coinbase showed the opposite trend. Outflows exceeding 1 millio…
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