Amr Taha
XRP Withdrawal Activity Diverges as Indodax Falls Near July 2025 Low While Binance and Coinbase Hold Near 49%
XRP withdrawal behavior is showing a clear split across exchanges, with Indonesia-based Indodax moving close to one of its weakest withdrawal-transaction readings since mid-2025 while major global platforms continue to show much stronger activity. On May 11, Indodax recorded a 7-day XRP Withdraw Transactions % reading of 23%, only slightly above the 22% level seen on July 7, 2025. The move suggests that withdrawal transaction dominance on Indodax has weakened sharply compared with larger exchanges. The contrast is especially notable because Binance and Coinbase both recorded readings near 49%, more than double Indodax’s current level. In simple terms, XRP users on Indodax appear to be behaving differently from traders on the largest global platforms, where withdrawal activity remains significantly stronger. This divergence does not necessarily confirm a bullish or bearish price signal on its own. The metric tracks the share of withdrawal transactions, not the dollar value or total amount of XRP withdrawn. However, it can still provide useful insight into how exchange-level behavior is changing. A lower withdrawal-transaction share on Indodax may point to weaker user movement off the platform, reduced withdrawal demand, or a regional difference in trader behavior. Meanwhile, the stronger readings on Binance and Coinbase suggest that withdrawal activity remains more active on major exchanges. The key market takeaway is that XRP withdrawal behavior is not uniform across the market. Instead, activity appears to be concentrated more heavily on larger global platforms, while Indodax is moving near levels last seen in July 2025. For traders, this makes Indodax an exchange to watch. If its withdrawal-transaction share continues to stay near historical lows while Binance and Coinbase remain elevated, the gap may highlight a deeper split between regional exchange behavior and broader global XRP market activity.