Amr Taha
XRP Large Spot-Exchange Withdrawals Hit 301M Across Four Platforms as Price Holds Near $1.50
XRP recorded a sharp surge in large spot-exchange withdrawals on Sept. 29, with roughly 301 million XRP withdrawn across Binance, Bybit, Bitget and Coinbase. The metric tracks XRP withdrawals from spot exchanges and includes only individual withdrawal transactions larger than 1 million XRP. Binance led the move with approximately 151 million XRP, accounting for about 50% of the combined total across the four exchanges. Bybit recorded roughly 68 million XRP in large withdrawals, followed by Bitget at 50 million XRP and Coinbase at approximately 32 million XRP. The activity was broad rather than isolated to a single venue, with multiple major spot exchanges recording elevated large-ticket withdrawals at the same time. Binance has also shown persistent withdrawal activity since around Sept. 21, with several daily readings reaching roughly 50 million to 90 million XRP, before accelerating sharply in the latest session. Despite the surge in large spot-exchange withdrawals, XRP remained near $1.50, showing price resilience alongside the movement of tokens away from trading venues. Sustained withdrawals can reduce XRP balances held on spot exchanges, tightening immediately available supply and potentially easing near-term sell-side pressure if the trend persists.