XRP holders are moving their funds out of centralized exchanges at a noticeable pace. Over the last week, withdrawals have outpaced deposits on major trading platforms, signaling a shift toward self-custody among investors. This trend has led to a drop of about 13,000 wallets overall.
Coinbase has seen the biggest outflow with nearly 8,900 wallets moving XRP off platform, followed by Binance with 2,626 and Crypto.com with 1,500. These changes reflect a tightening supply of XRP on exchanges, making it harder for sellers to offload their tokens quickly.
Exchange Balances and Market Signals
Binance’s XRP reserves have already fallen from above 3.1 billion to around 2.6 billion. This reduction in available coins may limit immediate selling pressure. However, the activity of large holders presents a more nuanced picture. Whale inflows to exchanges remain low, and deposit volumes have dropped after earlier peaks this year, suggesting weak distribution.
Despite these shifts, spot market demand hasn’t picked up strongly enough to lock in a sustained price rise. The spot taker cumulative volume delta (CVD) over the past 90 days has moved back to a neutral position after briefly favoring buyers in May. This means that aggressive spot buying has not yet reasserted control.
Meanwhile, open interest in futures contracts is stable around $2.5 billion, and funding rates hover between neutral and modestly positive territory. These data points hint at cautious investor conviction without signs of speculative bubbles. The current XRP price near $1.14 reflects easing selling pressure but also indicates that stronger buying momentum remains necessary to push prices higher.
In recent news, long-term holders have maintained profits without ramping up selling as exchange outflows continue, showing resilience in the holder base. Still, XRP’s price trajectory depends heavily on whether spot accumulation and broader market participation in derivatives gain traction simultaneously. For more on related market movements, see Bitcoin’s next move amid Federal Reserve decisions.
