Binance and Coinbase XRP Outflows Diverge Amid Weakening Momentum

A recent analysis by CryptoQuant analyst Amr Taha revealed that XRP outflows on Binance and Coinbase, two of the largest crypto exchanges, have diverged.

While XRP has struggled to gain momentum, new data shows a significant difference in the size of outflows on the two exchanges. On August 3, Binance recorded stronger million-XRP outflows, with transfers worth more than 1 million XRP making up 55.3% of its total daily outflow value.

This is close to the previous peak, which occurred when XRP traded near $1.04. In contrast, Coinbase saw a larger role from mid-sized XRP transfers, with this category growing from around 35% on June 1 to 55.8% on August 3.