Binance recorded XRP withdrawal activity reaching 53.8% of total transaction activity over a seven-day period beginning June 17, marking the highest withdrawal share since June 2024, according to a CryptoQuant analysis. Deposit transactions declined to 46.1% during the same period, their lowest level since 2024, resulting in a 7.7 percentage point divergence that persisted for seven consecutive days. The shift occurred as XRP traded near $1.10 on June 23, following a failed attempt to sustain upward momentum. The metric tracks transaction frequency rather than capital flows, with the analyst noting that withdrawal transactions outnumbered deposits but cautioning against treating the data alone as a direct buy-or-sell signal. Coinbase also showed a deeper negative net transaction reading during the same timeframe, while Bybit's net depositing/withdrawing transaction reading fell from approximately +27,000 on June 7 to around -200 by June 18, indicating a broader shift in XRP exchange behavior during June.
Binance Records Seven-Day Withdrawal Dominance at 53.8%
Over the seven-day rolling period beginning June 17, withdrawal transactions accounted for 53.8% of total XRP transaction activity on Binance, while deposit transactions declined to 46.1%. The 7.7 percentage point divergence marked the widest visible gap in the data and persisted for seven consecutive days. The CryptoQuant analyst stated: "XRP Withdrawals Dominate Binance for Seven Straight Days, Hitting 53.8% --- Highest Since June 2024."
The accompanying chart tracks XRP price alongside Binance deposit and withdrawal transaction shares from mid-2024 through June 2026, illustrating a late-stage divergence where withdrawal activity trends upward while deposit activity weakens. The metric measures transaction counts rather than the value or volume of XRP moved, reflecting transaction frequency rather than capital flows. An elevated withdrawal share means withdrawal transactions outnumber deposits, but does not confirm net outflows or market direction. The analyst cautioned: "A higher withdrawal share indicates that withdrawal transactions are outnumbering deposit transactions on Binance, but it should not be treated alone as a direct buy-or-sell signal."
![XRP Withdrawal Activity Reaches Highest Level Since June 2024 on Binance]()
Coinbase and Bybit Show Withdrawal Transaction Increases
A separate CryptoQuant analysis published on June 18 by the same analyst showed XRP withdrawal activity strengthening beyond Binance. Coinbase's net depositing/withdrawing transaction reading moved deeper into negative territory, indicating withdrawal transactions outnumbered deposits at a more pronounced rate. Bybit recorded the sharpest reversal, with its net depositing/withdrawing transaction reading falling from approximately +27,000 on June 7 to around -200 by June 18, erasing most of its early-June deposit surge. The data points to a broader shift in XRP exchange behavior during June, though the metric measures transaction counts rather than XRP volume or value transferred.
FAQ
What percentage of Binance XRP transactions were withdrawals beginning June 17?
Withdrawal transactions accounted for 53.8% of total XRP transaction activity on Binance over a seven-day period beginning June 17, marking the highest withdrawal share since June 2024 according to CryptoQuant analysis.
How did Bybit's XRP transaction activity change between June 7 and June 18?
Bybit's net depositing/withdrawing transaction reading fell from approximately +27,000 on June 7 to around -200 by June 18, erasing most of its early-June deposit surge as recorded in a CryptoQuant analysis published on June 18.
Does the 53.8% withdrawal share indicate XRP net outflows from Binance?
The metric tracks transaction frequency rather than capital flows, meaning withdrawal transactions outnumbered deposits but does not confirm net outflows or market direction. The CryptoQuant analyst stated the data "should not be treated alone as a direct buy-or-sell signal."
