Alert: XRP Exchange Outflows Just Exploded as Price Stalls – Details

In  Brief:

• Around 301 million XRP was withdrawn from four major exchanges, with Binance accounting for roughly 151 million XRP.

  
  

• The large withdrawals could reduce XRP available for immediate spot trading, potentially easing selling pressure if tokens remain off exchanges.

  
  
• Despite the significant outflows, XRP remained near $1.50, meaning the data has yet to translate into a clear price breakout.

 

XRP exchange metrics have drawn attention across the crypto community as large XRP withdrawals reached approximately 301 million tokens across four major exchanges while its price stalled near $1.50. According to data shared by CryptoQuant analyst Amr Taha, Binance accounted for approximately half of those withdrawals on September 29.

Binance Leads Large XRP Withdrawals Across Four Exchanges

Binance registered approximately 151 million XRP in large withdrawals, representing just over 50% of the combined four exchanges. Bybit recorded roughly 68 million XRP, followed by Bitget with 50 million and Coinbase with approximately 32 million.

Together, the other three exchanges contributed 150 million XRP, nearly matching Binance’s total and demonstrating huge activity across multiple trading venues. Notably, the metric tracked only individual spot-exchange withdrawals exceeding 1 million XRP, excluding smaller transfers from the reported figures.

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Consequently, the 301 million XRP total captures only a specific category of large withdrawals, not all exchange outflows. At an illustrative price of $1.50, those transfers represented about $451.5 million in XRP leaving the four platforms.

Additionally, Binance’s withdrawal surge followed repeated elevated readings beginning around September 21, according to a review of exchange activities. Several daily readings ranged between approximately 50 million and 90 million XRP before the exchange registered 151 million XRP.

That amount stood approximately 1.7 to 3 times above those earlier readings, highlighting the acceleration in Binance’s large withdrawals. CryptoQuant’s chart also shows multiple elevated outflow bars during late September, placing the reported session within a broader withdrawal pattern. Despite those movements, XRP remained near $1.50, with the chart displaying a price reading of approximately $1.5011.

Price Stalls While Withdrawals Raise Questions About Available Supply

Taha classified the development as bullish, linking sustained exchange withdrawals to a potential reduction in XRP available for spot trading. Tokens moving into private wallets or longer-term custody could reduce immediately available exchange inventory if holders keep them outside trading venues.

Consequently, persistent withdrawals could ease selling pressure. Moreover, the chart shows substantial withdrawal spikes in earlier months, including several June readings and a prominent August session. Those earlier movements suggest the available data does not establish September’s withdrawal surge as an unprecedented or all-time record.

Ultimately, the latest XRP exchange data shows substantial withdrawals from Binance, Bybit, Bitget, and Coinbase, with 301 million XRP moved in transactions larger than 1 million tokens. While such outflows can point to reduced exchange liquidity and potentially lower immediate selling pressure, they do not by themselves confirm a sustained price breakout.

With XRP still trading near $1.50, investors will likely watch whether the withdrawal trend continues and whether it eventually translates into stronger price momentum.

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