XRP Wallet Activity Plunges into Negative Territory

XRP wallet activity has taken a turn for the worse as withdrawals surge across major exchanges.

The token's price continues to trade under pressure, stuck within the $1.05 to $1.08 range as sellers maintain control of the market.

New on-chain data reveals that Coinbase, Binance, and Crypto.com have all moved into negative XRP wallet territory, indicating a net withdrawal trend.

Coinbase recorded the largest decline in XRP wallet activity, with its seven-day net depositing/withdrawing wallets metric dropping to -10,900 on August 4. This marked Coinbase's weakest reading on record and was more than three times lower than its previous low of -3,200.

Binance and Crypto.com also entered negative territory on July 17 and remained there through August, with Binance posting a reading of -2,550 and Crypto.com declining to -2,290. These figures were the lowest for both exchanges since June 2025, although they had not yet matched their previous lows.