XRP Withdrawal Activity Reaches Highest Level Since June 2024 on Binance
Binance $XRP Withdrawals Lead Deposits for Seven Consecutive Days $XRP has shown short-term weakness, trading near $1.10 on June 23 following a failed attempt to sustain upward momentum. Against this backdrop, an analysis published by Cryptoquant indicates a notable shift in exchange behavior, with $XRP withdrawal activity on Binance reaching its highest level since June 2024. Over a seven-day rolling period, withdrawal transactions accounted for 53.8% of total $XRP transaction activity on Binance, while deposit transactions declined to 46.1%, marking their lowest level since 2024. This resulted in a 7.7 percentage point divergence, with withdrawals consistently exceeding deposits for seven consecutive days beginning June 17. The analyst noted: “ $XRP Withdrawals Dominate Binance for Seven Straight Days, Hitting 53.8% — Highest Since June 2024” The accompanying chart, which tracks $XRP price alongside Binance deposit and withdrawal transaction shares from mid-2024 through June 2026, illustrates a clear late-stage divergence. Withdrawal activity trends upward while deposit activity weakens, signaling a sustained shift in transaction composition. $XRP Transaction Shift Highlights Rising Withdrawal Activity The Cryptoquant metric tracks the share of deposit versus withdrawal transactions, not the value or volume of $XRP moved, reflecting transaction frequency rather than capital flows. An elevated withdrawal share means withdrawal transactions outnumber deposits, but it does









