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Binance XRP Withdrawals Reach Their Highest Level Since April
Exchange activity surrounding XRP has begun showing a clear divergence across major trading platforms as traders monitor weakening price momentum within the $1.34–$1.37 range.
Latest data from CryptoQuant points to rising withdrawal activity on Binance, easing deposit pressure on Bybit, and diverging whale behaviour between Binance and Coinbase.
The changing exchange structure comes as XRP trades near critical technical support after losing momentum below the $1.41 resistance zone.
Market participants are now watching whether the current withdrawal-driven structure can reduce selling pressure or whether the broader downtrend will continue dominating price action.
Binance Withdrawals Regain Dominance
Data from CryptoQuant shows that XRP withdrawal transfers on Binance climbed to 53% of the seven-day transaction share.
Meanwhile, deposit activity declined to 47%, marking one of the highest withdrawal dominance readings since 10 April.
Earlier April data showed withdrawals reaching 53.4% while XRP traded around $1.34.
The token is now trading close to the same region near $1.37, making the repeating structure notable for short-term traders.
From a market perspective, stronger withdrawal activity suggests that more XRP is leaving Binance rather than entering the exchange.
As a result, traders often interpret this pattern as a sign of reduced exchange selling pressure.
Binance Whale Activity Accelerates
Whale activity on Binance has also increased sharply.
Daily outflows exceeding one million XRP now account for 57.6% of total outflow volume.
This marks the highest reading since the 66% spike recorded on 28 March.
Similar whale-dominance spikes were previously observed while XRP traded between $1.33 and $1.42.
As a result, traders now view this range as a key accumulation and positioning zone for large holders.
The data alone does not confirm a bullish continuation. However, it does show that large Binance wallets remain highly active despite recent market weakness.
Bybit Deposit Pressure Eases
At the same time, XRP exchange behaviour on Bybit has shifted significantly.
CryptoQuant’s multi-exchange transaction delta shows that Bybit’s deposit-driven structure began weakening around 16 May.
From mid-April to mid-May, Bybit consistently recorded positive transaction delta readings.
Sustained deposit activity often signals elevated selling pressure because more tokens become available for trading on exchanges.
However, the latest reading has now returned to neutral territory, signalling a significant reduction in prior deposit pressure.
In addition, both Binance and Coinbase have shifted into negative transaction delta territory.
This means withdrawal transactions now outweigh deposits on both exchanges.
As a result, the broader exchange landscape now looks very different from the earlier deposit-driven phase dominated by Bybit.
The market now increasingly reflects a withdrawal-oriented structure.
Importantly, the metric tracks transaction counts rather than total XRP volume.
Coinbase Shows a Different Whale Structure
Coinbase currently presents a different picture compared with Binance.
CryptoQuant data shows that Coinbase outflows exceeding one million XRP fell to 14.8%, marking the lowest level since 11 April.
Meanwhile, medium-sized outflows ranging between 10,000 and 100,000 XRP increased sharply.
This category rose from 19% to 36% between 11 April and 19 May.
As a result, Coinbase activity now reflects broader participation from small and medium-sized holders rather than whales.
The divergence between Binance and Coinbase creates a more complex market structure for XRP.
XRP Price Action and Technical Outlook
At the time of writing, XRP trades at $1.36 after declining 1.13% over the past 24 hours.
The token is also down 7.57% over the past week.
According to analyst Barış Büyüktaş, XRP is still attempting to hold above the $1.3432 support zone.
He noted that repeated failures near the $1.4102 region weakened bullish momentum and created a sideways, low-momentum structure around current levels.
Selamlar,#$XRP kısa vadede 1.3432 desteği üzerinde tutunmaya çalışıyor. Son yükseliş denemelerinde 1.4102 bölgesinin aşılamaması sonrası fiyat yeniden zayıflamış ve 1.36 çevresinde yatay-düşük momentumlu bir görünüm oluşmuş durumda.
1.4102 üzeri günlük kapanışlarda toparlanma… pic.twitter.com/wY2tcBIIbi
— Barış Büyüktaş (@barisbuyuktas) May 21, 2026
Barış Büyüktaş believes that a daily close above $1.4102 could strengthen recovery momentum toward $1.4627.
Furthermore, a breakout above that region could open the path toward the $1.5186 level.
However, losing support at $1.3432 could significantly increase downside risks.
See also: "Bitcoin ticks down near $77k, set for weekly loss amid Iran peace uncertainty"
