$XRP withdrawals from Binance have reached their highest level in over a month despite the latest market pullback.
After soaring to a high of $1.54 on May 14, $XRP faced resistance and pulled back alongside the rest of the crypto market, dropping to $1.37.
Amid the correction, verified CryptoQuant analyst Amr Taha recently revealed that $XRP withdrawals from Binance have climbed to their highest level in more than a month. This indicates that investors are making more withdrawal transactions than deposits on Binance.
Key Points
- $XRP climbed to $1.54 on May 14 before pulling back to $1.37 as market momentum weakened.
- Binance $XRP withdrawals reached 53%, exceeding deposits at 47% for the first time since April 10.
- Similar withdrawal dominance appeared on April 10 when $XRP traded near $1.34.
- Binance whale outflows above 1 million $XRP rose to 57.6%, the highest level since March 28.
$XRP Withdrawals from Binance Reach 1-Month Peak
In his latest analysis, Taha pointed out that withdrawal transactions once again exceeded deposit transactions on Binance. He presented this with data from the seven-day transaction-share chart.
Data confirms that withdrawal transactions made up 53% of Binance $XRP activity, while deposits accounted for 47%. He noted that this was one of the strongest withdrawal readings since April 10, 2026, when withdrawals reached 53.4%, and deposits dropped to 46.5% while $XRP traded near $1.34.
Notably, $XRP currently trades close to the same area, around $1.37, and Taha says this makes the recent reading important for traders watching exchange flows. He explained that the market is now showing a pattern similar to the one from April.
What Does This Mean for $XRP?
According to Taha, a higher withdrawal share means more $XRP moves away from Binance instead of into the exchange. This does not automatically point to a price increase, but it indicates lower selling pressure on the exchange or a stronger move by holders to keep $XRP in external wallets.
The market pundit also stressed that the current signal is important because it matches the structure from April 10. At that time, withdrawals also stayed ahead of deposits while $XRP traded near the same levels. The latest 53% reading now suggests that the same withdrawal-heavy trend has returned.
$XRP Whale Activity Spikes on Binance
Meanwhile, in an earlier report, Taha highlighted a difference between $XRP whale activity on Binance and Coinbase. Specifically, he revealed that Binance has seen a sharp increase in large-wallet withdrawals, while Coinbase has shown a very different trend.
Taha reported that the share of Binance’s daily $XRP outflows above 1 million $XRP climbed to 57.6%. This marked the highest level since the 66% spike recorded on March 28. He also mentioned another elevated reading close to 60% that appeared in late April.
According to him, all of these whale-outflow spikes happened while $XRP traded within a relatively narrow range between $1.33 and $1.42.
The current situation shows that large holders once again appear to be moving $XRP away from Binance while the asset trades within the same price zone during earlier spikes in whale activity. This aligns with the latest analysis surrounding withdrawal transactions on Binance.
Coinbase Shows a Different Trend
Taha said the Binance data becomes more interesting when compared with Coinbase activity. Specifically, on Coinbase, the outflow category above 1 million $XRP dropped to 14.8%, its lowest level since April 11.
However, smaller wallet groups became more active on Coinbase. Taha revealed that the 10,000 to 100,000 $XRP outflow category rose from 19% to 36% between April 11 and May 19. This confirms growing activity from mid-sized wallets instead of the largest holders.
