Ripple’s XRP price dropped to $1.10 today, down about 1.7%. That’s pretty much in line with what Bitcoin is doing, it fell too, and when Bitcoin sneezes, everything else catches a cold.
People are pulling back from riskier assets right now. And XRP doesn’t have any new news to push it up or break through the price levels that keep holding it back.
However, if you dig into the data, something else is going on. More and more XRP holders are taking their coins off exchanges. That usually means they’re not looking to sell anytime soon.
At Coinbase, they just had their busiest week in about five months for people moving coins out. Makes you wonder, are these folks getting ready for a bigger move up down the road?
New data shows that XRP holders are getting more comfortable keeping their coins off exchanges. They’re not leaving them hanging around where they could be sold at any second.
A CryptoQuant analyst named Amr Taha dug into the numbers and found that on July 15, Coinbase’s seven-day net transaction count hit about -13,000. That’s the most negative reading the exchange has seen since mid-February.
To give you some perspective, back on February 14, that number was around -12,300. So this new figure is roughly 700 transactions deeper into the negative, which works out to about a 5.7% jump in net withdrawals over deposits.
$XRP users are increasingly moving tokens away from major cryptocurrency exchanges.
— TheCryptoBasic (@thecryptobasic) July 16, 2026
According to CryptoQuant analyst Amr Taha, Coinbase recorded its strongest withdrawal-heavy seven-day period in about five months. Binance also returned to levels last seen in February.
Taha…
The bottom line is that more XRP left Coinbase than came in. And that gap? Biggest one in five months.
Binance saw a similar thing too, withdrawal activity there jumped back up to levels we haven’t seen since February. Even so, Coinbase stood out.
The report found Coinbase’s negative net transaction reading is about 2.3 times larger than Binance’s, making it the exchange with the strongest withdrawal bias among the major trading platforms tracked.
Exchange outflows are closely watched because they reduce the amount of XRP readily available for sale. When investors transfer tokens into private wallets or custody solutions, they are typically less likely to sell them in the near term.
That does not guarantee the XRP price will rise immediately, but it does reduce potential selling pressure if demand begins to improve.
The on-chain trend has also attracted attention across the crypto community. Market commentator CryptoSensei noted that whale accumulation combined with sustained exchange outflows is one of the healthier on-chain combinations for long-term investors. Large holders accumulating XRP at the same time exchange balances decline often points to growing confidence among bigger market participants.
Related XRP News: ChatGPT Predicts XRP Price If XRP ETFs Match Ethereum ETF Inflows
For now, the XRP price continues to move with the broader market, and Bitcoin remains the biggest short-term driver. Even with bullish on-chain activity, macro sentiment and overall crypto market direction are likely to dictate XRP’s next move.
Still, if exchange balances continue to fall and whale accumulation persists, XRP could enter the next rally with far less supply available on trading platforms than it had only a few months ago.
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