XRP Withdrawals Hit Seven-Year High Amid Prolonged Downtrend

XRP withdrawals from centralized exchanges have surged to their largest share in seven years. Market activity data shows that XRP exchange transactions now involve more withdrawals than deposits, a trend observed across both Binance and the wider centralized exchange market.

In August, withdrawals made up 56.85% of XRP exchange transactions on Binance, while withdrawals across all CEXs reached 54.9%. At the same time, deposit transactions fell to their lowest shares since 2019. On Binance, deposits accounted for 43.12%, while deposits across all CEXs stood at 45.0%.

This trend is more pronounced on Binance, where the share of withdrawal transactions now stands 13.73 percentage points above the share of deposits. Across all centralized exchanges, the gap reached 9.9 percentage points.

The data does not confirm that XRP is seeing net outflows from exchanges or that investors are accumulating the token. Market watcher Amr Taha noted that the figures use a seven-day measure, showing a more sustained change in exchange transaction activity.