- 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.
Binance Withdrawals Regain Dominance
CryptoQuant data shows Binance XRP withdrawal transactions climbed to 53% on the seven-day transaction-share chart. Meanwhile, deposit transactions dropped to 47%, marking one of the strongest withdrawal readings since April 10.
The earlier April reading showed withdrawals reaching 53.4% while XRP traded near $1.34. XRP now trades close to that same region around $1.37, making the repeated structure notable for short-term traders.
In market terms, stronger withdrawal activity suggests more XRP leaves Binance instead of entering the exchange. Consequently, traders often interpret this pattern as reduced exchange-side selling pressure.
Moreover, Binance whale activity has also increased sharply. Daily XRP outflows above one million XRP now account for 57.6% of total outflows. That figure marks the highest level since the 66% spike recorded on March 28.
Previous whale-dominance spikes also appeared while XRP traded between $1.33 and $1.42. Hence, traders now view this range as an important accumulation and positioning zone for larger holders.
The data does not confirm bullish continuation by itself. However, it shows large Binance wallets remain highly active despite recent market weakness.
Bybit Deposit Pressure Cools
At the same time, XRP exchange behavior has shifted significantly on Bybit. CryptoQuant’s multi-exchange transaction delta shows Bybit’s deposit-heavy structure faded around May 16.
From mid-April through mid-May, Bybit consistently recorded positive transaction delta readings. Sustained deposit-side activity often signals higher sell-side pressure because more tokens become available for trading.
However, the latest reading moved back near zero, suggesting that earlier deposit pressure has cooled considerably.
Additionally, Binance and Coinbase both shifted into negative transaction delta territory. This means withdrawal transactions now outweigh deposits on both exchanges.
The broader exchange landscape therefore looks very different compared with the earlier Bybit-led deposit phase. Instead of widespread deposit activity, the market now reflects a rotation toward withdrawal-side behavior.
Importantly, the metric tracks transaction counts rather than total XRP volume. Even so, the directional shift still highlights changing trader behavior across major exchanges.
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Coinbase Shows Different Whale Structure
Coinbase currently presents a different picture from Binance. CryptoQuant data shows Coinbase’s above-one-million XRP outflow category dropped to 14.8%, its lowest level since April 11.
Meanwhile, mid-sized outflows between 10,000 and 100,000 XRP increased sharply. This category climbed from 19% to 36% between April 11 and May 19. Consequently, Coinbase activity now reflects stronger participation from smaller and mid-sized holders instead of whales.
The divergence between Binance and Coinbase creates a more complex XRP market structure. Binance shows renewed whale withdrawal dominance, while Coinbase reflects broader participation from medium-sized wallets.
Meanwhile, XRP price action remains fragile. XRP trades at $1.36 after falling 1.13% during the past 24 hours. The token also declined 7.57% over the past week.
According to analyst Barış Büyüktaş, XRP continues struggling to hold above the $1.3432 support zone. He noted that repeated failures near $1.4102 weakened bullish momentum and created a sideways structure near current levels.
Büyüktaş believes a daily close above $1.4102 could strengthen recovery momentum toward $1.4627. Additionally, a breakout above that region may expose the $1.5186 level.
However, losing the $1.3432 support could increase selling pressure significantly. In that case, traders may watch the $1.2956 zone as the next important downside level.
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