XRP Exchange Outflows Soar to Record High Amid Price Rally
Crypto analyst Xaif Crypto has pointed to significant shifts in XRP exchange activity, with daily outflows of transactions involving more than 1 million XRP rising to a record high of 320 million XRP.
The data, sourced from CryptoQuant, tracks XRP outflows across major exchanges including Binance, Coinbase, and others. The latest surge stands out from previous readings on the chart, with several large outflow spikes observed throughout the period.
Binance accounts for the largest portion of the latest outflow, followed closely by Coinbase, Upbit, Bitget, and Bybit. Xaif Crypto noted that the concentration of activity across multiple exchanges gives the data a wider scope than an isolated withdrawal event from one platform.