All news is verified and thoroughly reviewed by leading blockchain experts and seasoned industry insiders.
For the first time in almost a year, the number of wallets withdrawing XRP from Binance is greater than the number of wallets using it. It’s a simple shift on the face of it, but in the largest XRP trading venue, a reversal like this is worth paying attention to, not because it makes XRP bullish, but because the behavior underneath the price has changed.
- More wallets are now withdrawing XRP from Binance than depositing, the first since July 2025.
- The net number swung from +26,200 to -6,210 portfolios in 23 days.
- XRP is trading at $1.11, up 2.5%, bouncing off the support range between $1.00 and $1.05.
Binance Net wallet flows have become negative
The metric here tracks the difference between wallets depositing XRP into Binance and wallets withdrawing it, and is measured over a rolling seven-day period. For most of last year, deposits dominated. This is no longer the case.
- On June 7, Binance recorded nearly +26,200 net deposit wallets, with deposits significantly outnumbering withdrawals.
- By June 30, this number had dropped to -6,210, meaning that the number of withdrawn wallets outnumbered the number of deposited wallets.
- This means 32,410 wallets in just 23 days.
The biggest detail is context. This is the first negative reading since July 2025, and the previous low was only -1,350. Today’s number is about 4.6 times more negative than that, so this isn’t a marginal drop below the line, it’s the strongest pullback bias Binance has seen on XRP in nearly a year.
Exchange flows carry an approximate behavioral signal. Deposits generally mean that coins are put into trading or selling, while withdrawals often mean that users move assets to private wallets, custodial services, or DeFi, where they tend to sit rather than trade immediately.
So the decline in wallet deposits signals less new supply arriving at Binance, which, if the trend continues, could ease some of the immediate selling pressure. Because Binance is the largest place to trade XRP, the decisive shift here seems more significant than the same move on a smaller exchange.
Here caution must be taken, because the scale has real limitations. It measures portfolios, not amounts.
One whale depositing 100 million XRP is exactly the same as one retail wallet depositing 100 XRP. By the same logic, thousands of small withdrawals do not necessarily mean that more XRP left the exchange than entered it. So the data cannot prove accumulation, nor can it confirm that Binance’s XRP balances are actually declining. All this specifically shows is that the portfolio’s behavior is tilted towards withdrawals. This is a real signal, but it is a narrow signal, and it is worth sticking to exactly what it says.
How does the price react?
The price backdrop is consistent with a market that bounces without turning. XRP is trading at $1.11 on Coinbase on July 3, up 2.47% on the day, and closing right at the session high, which tells you that buyers maintained control into the close. The rebound comes from a local low in the $1.00-1.05 range hit in late June, after a sharp decline from around $1.5 in early June.
Zoom out and the trend remains low. Since February, XRP has made a series of lower highs, around $1.50 in February, $1.48 in May, and $1.26 on the mid-June rebound, with the sell-off in June being the steepest, falling from around $1.40 to the $1.00 region in roughly three weeks. The current move is the second attempt at a bounce from the $1.00-$1.05 support level, which has now been tested several times and holds.
The moving averages leave no doubt about the larger trend. The price is below the three, and all three are sloping down:
| Moving average | level | Distance above price |
|---|---|---|
| 50 days | $1.2083 | ~8.5% |
| 100 days | $1.2981 | ~16.5% |
| 200 days | $1.4863 | ~33% |
The full bearish stack, price under 50, under 100, under 200, confirms that the downtrend is intact. Above, first resistance is around $1.15 (mid-June consolidation zone), then the 50-day area near $1.21, which is also in line with the June bounce zone.
Momentum is improving but not convincing. The RSI is reading 47.7 and rising, has recovered from oversold near 30 in late June, and is back above the signal line at 35.97, consistent with a short-term rebound, but it is in neutral territory, not the type of strength that typically accompanies a true trend reversal. Volume is the key warning: Today’s bounce is occurring amid modest trading, while the biggest spike in volume recently was the green bar near the mid-June lows, a possible absorption, but the follow-up failed. The recovery due to weak trading volume is precisely what makes it difficult to describe this as a permanent shift.
XRP did not suddenly become bullish in the short term. Market behavior has changed. For weeks, Binance was taking more XRP from wallets than it was losing; This pattern has now completely reversed, reaching its strongest pullback bias in almost a year, even as the price makes a modest bounce within a downtrend that remains intact.
None of the signals, alone, confirms the turn. Wallet data would need support from falling exchange reserves or rising holder balances over the long term to become real evidence that XRP holders are moving coins off exchanges for holding. The price would need to reclaim the 50-day area near $1.21 to indicate anything more than a comfortable bounce. Until these confirmations emerge, this is the case: a real change in behavior is worth watching, and remaining within the same risk-off, low-high pattern that dominates the broader altcoin market, is not evidence that the tide has turned.
