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XRP Exchange Activity Plummets on Binance, Echoes Pre-October Rally

Guavy AI Editorial Team
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BNB XRP
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XRP exchange activity has seen a significant decline on Binance over the past month, according to recent data highlighted by blockchain researcher BankXRP.

The chart, sourced from CryptoQuant, compares 30-day cumulative XRP deposits, withdrawals, and net transactions on the exchange, revealing a notable shift in trading behavior.

BankXRP noted that Binance's combined XRP deposits and withdrawals have dropped from approximately 650,000 transactions in June to around 350,000 currently, describing the decline as a rapid cooling in exchange activity.

This decrease is reminiscent of the period before XRP's rally in October 2025, which has caught the attention of market observers. While it's uncertain whether this slowdown represents accumulation, institutional migration, or reduced trading activity, the data adds another on-chain metric for investors to monitor as XRP's market develops.

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