XRP Outflows Diverge on Binance and Coinbase, Exposing a 40% Gap

On-chain data shows XRP outflows have diverged on Binance and Coinbase, two of the largest crypto exchanges. According to CryptoQuant analyst Amr Taha, the structure of large XRP outflows looked very different on the two exchanges on Aug. 3.

Taha found that Binance recorded stronger million-XRP outflows, with transfers worth more than 1 million XRP making up 55.3% of the exchange's total daily XRP outflow value on Aug. 3. This is close to its previous peak in June when the same group accounted for about 56% of daily outflow value while XRP traded near $1.04.

On Coinbase, however, transfers above 1 million XRP accounted for only 15% of total outflow value on Aug. 3, down from 36% on July 2. The trend on Coinbase saw larger activity in the 100,000-to-1-million XRP transaction group.

XRP continues to trade around $1.07 while remaining inside a descending channel that has guided its price movement since July 2025. Technical indicators suggest weakening momentum, with the daily MACD turned negative and XRP trading below its 20-day EMA at $1.08.