XRP exchange outflows in 1M+ transactions jump above 320M, led by Binance

AI Market Summary
On-chain monitoring shows single-day large XRP exchange outflows (transactions over 1M XRP) surging above 320M XRP, the highest reading on the referenced chart. Binance leads the withdrawals, with Coinbase, Upbit, Bitget and Bybit also seeing heavy outflows. Large exchange outflows are commonly interpreted as reduced near-term sell-side liquidity and increased self-custody, which can tighten spot market conditions for XRP.
Impact level
● Medium
Affected assets
XRP/USDT+0.17%
AI Insight · XRP/USDTAI Insight
▲ Bullish
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Data tracking shows daily large XRP outflows from major exchanges—transactions exceeding 1 million XRP—surged to more than 320 million XRP, the highest level on record. Binance led the outflows, while Coinbase, Upbit, Bitget and Bybit also saw heavy outflows. Analysts noted that a similar spike occurred in August, after which XRP rose from $1.05 to $1.50.