XRP Exchange Balance Turns Negative Amid Coinbase & ByBit Outflows

XRP's exchange balance has turned negative as Coinbase and ByBit outflows surge, sparking a potential accumulation phase.

According to market analyst Xaif Crypto, withdrawals from major trading platforms are now outpacing deposits, a pattern that also emerged ahead of XRP's rallies in May and June. This shift in exchange activity suggests investors may be moving XRP into private wallets or long-term custody, reducing liquid supply and easing potential selling pressure.

The current setup closely resembles the market structure seen before XRP's advances in May and June, when sustained withdrawals preceded renewed buying momentum. Xaif Crypto notes that large inflows typically indicate holders are preparing to sell, increasing available supply on exchanges, while persistent outflows suggest investors are moving XRP into private wallets or long-term custody.

XRP has now remained above the $1 level for 627 consecutive days, the longest streak in its history. The cryptocurrency's robust network usage and prolonged price stability have strengthened expectations that XRP is laying the groundwork for another significant move.