XRP Wallet Activity Turns Withdrawal-Heavy on Coinbase and Binance

XRP's wallet activity has become increasingly withdrawal-heavy across major exchanges.

According to data shared by Analyst Amr Taha, Coinbase is leading XRP's negative net wallet flows, accounting for nearly half of the seven-day imbalance with a net count of -14,300.

This means that more wallets are withdrawing XRP on these trading venues than making deposits, and Coinbase has been particularly affected, with its 47.3% share being its highest level since July 2024.

Binance's net wallet count is also negative at -3,270, while Crypto.com stands at -2,680. This trend has been ongoing for over a week, with both Binance and Crypto.com moving below zero on July 18.