Binance XRP Withdrawals Hit Highest Share Since April
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In crypto markets, Binance XRP withdrawals surged to 53% of exchange activity as whale outflows dominate while Coinbase sees weaker whale outflows and mid-sized XRP holders gaining market share. XRP is struggling near $1.34–$1.37 after repeated rejections below $1.41, and analysts warn the withdrawal-heavy exchange setup could either reduce selling pressure or fail to halt a broader downtrend.
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- Binance XRP withdrawals hit 53% as whale outflows dominate exchange activity.
- XRP struggles near $1.34 support after repeated rejection below $1.41.
- Coinbase whale outflows weaken as mid-sized XRP holders gain market share.
XRP exchange activity has started showing a clear split across major trading platforms as traders monitor weakening price momentum near the $1.34–$1.37 range. Recent CryptoQuant data points to rising withdrawal activity on Binance, cooling deposit pressure on Bybit, and diverging whale behavior between Binance and Coinbase.
The changing exchange structure comes as XRP trades near important technical support after losing strength below the $1.41 resistance zone. Market participants now watch whether the current withdrawal-heavy setup could reduce selling pressure or whether the broader downtrend will continue dominating price action.
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