$XRP Outflows Diverge on Binance and Coinbase

A recent analysis of $XRP outflow activity by CryptoQuant analyst Amr Taha has revealed a significant divergence between Binance and Coinbase. On August 3, transfers worth over 1 million $XRP made up 55.3% of Binance's total daily $XRP outflow value, the highest share since June 30.

This is in stark contrast to Coinbase, where transfers above 1 million $XRP accounted for only 15% of total outflow value on August 3, down from 36% on July 2. This represents a 40.3% gap between the two exchanges.

The trend on Coinbase, however, was driven by mid-sized $XRP transfers, with the 100,000-to-1-million $XRP transaction group growing to 55.8% of total outflow value, up from around 35% on June 1.