As XRP flip-flops around the pivotal $1.10 price level, exchange data suggests that whales are actively withdrawing the cryptocurrency from exchanges. According to latest data received on Wednesday, XRP exchange activity has shifted toward withdrawal-dominant transactions across different leading crypto trading platforms.
Crypto exchanges see heavy XRP withdrawals
Fresh exchange data reveals that Coinbase recently saw its highest negative 7-day reading in roughly 5 months, or since February 2026. Notably, the exchange’s 7-day net depositing/withdrawal transaction count fell to roughly -13,000 on Wednesday – eclipsing the -12,300 reading recorded back on February 14.
The latest figure is approximately around 700 transactions – or about 5.7 percent more negative – showing that the gap between withdrawals and deposits of XRP on Coinbase has substantially widened.
In the same vein, Binance saw a reduction in transactions to about -5,600, almost as low as levels last seen on February 11. As a result, Coinbase’s current reading of negative XRP transactions is almost 2.3 times larger than that of Binance.
However, the sharpest structural change was seen on crypto exchange Bybit. The trading platform’s 7-day reading plunged from around +27,000 transactions on June 7 to as low as -220 on Wednesday – representing a strong swing of close to 27,220 transactions in 38 days.
That said, Bybit’s latest reading remains close to neutral, suggesting that the earlier dominance of deposit transactions has largely disappeared rather than being replaced by unusually heavy withdrawal activity.
Withdrawals yet to reflect on price
The high level of withdrawal pressure from the 3 major aforementioned crypto exchanges is yet to show its impact on XRP’s market price. The digital asset remains stuck around the $1.10 price level.
Some analysts forecast that XRP runs the risk of falling even below the psychologically important $1 level. For instance, on Tuesday, crypto analyst Crypto Patel predicted that XRP is likely to continue its year-long price pullback, and see itself falling to $0.87.
That said, all hope is not lost. As reported by The Coin Headlines on Thursday, XRP is showing signs of faint bullish momentum and a potential breakout to the upside after weeks of compression.
