Amr Taha
XRP Withdrawals Reach Five-Year High on Binance and Across All Centralized Exchanges
XRP Withdrawal Transaction Share Hits Highest Since February 2021 as Binance Reaches 55.6% XRP withdrawal transactions gained their strongest dominance in more than five years on July 31, as the seven-day share on Binance climbed to 55.6%, its highest level since February 2021. The same shift appeared across the broader centralized exchange market, where withdrawal transactions reached 54%, also marking their highest share since February 2021. The synchronized move indicates that the change was not limited to a single trading venue. At the same time, XRP deposit transaction shares fell to multi-year lows. Binance’s deposit share declined to 44.3%, while the aggregate figure across all centralized exchanges dropped to 45.95%—the lowest readings for both metrics since February 2021. This created an 11.3-percentage-point gap between withdrawal and deposit transactions on Binance, compared with approximately 8.05 percentage points across all exchanges. Binance’s withdrawal share also stood 1.6 percentage points above the market-wide average, while its deposit share was roughly 1.65 percentage points lower. The shift accelerated sharply during the final weeks of July rather than developing gradually, with withdrawal shares rising as deposit shares moved in the opposite direction. The divergence is particularly notable because XRP was trading near $1.08, well below its previous price highs, suggesting that exchange transaction behavior was changing despite continued price weakness. However, the metric tracks the number of deposit and withdrawal transactions, not the volume of XRP transferred or confirmed net exchange flows. It therefore signals a major change in transaction structure but does not, by itself, prove accumulation, reserve declines, or net capital movement away from exchanges.