XRP Wallet Activity Flips Negative Amid Surge in Withdrawals

XRP's wallet activity has taken a negative turn as withdrawals surge across major exchanges. According to recent data, Coinbase, Binance, and Crypto.com have all entered negative territory, with more wallets withdrawing XRP than depositing it.

The largest decline in XRP wallet activity was recorded by Coinbase, with a net withdrawal of 10,900 wallets between August 4 and the previous week. This is the weakest reading on record for Coinbase, exceeding its previous low of -3,200 in June 2025 by 3.4 times.

Binance and Crypto.com also showed significant declines, with readings of -2,550 and -2,290 respectively on August 4. While these exchanges have not yet matched their June 2025 lows, the fact that all three entered negative territory at the same time confirms a broader trend in XRP's wallet activity.