XRP exchange-flow behavior is showing a notable shift after weeks of persistent deposit activity on Bybit.

According to the XRP Multi-Exchange Daily Depositing/Withdrawing Transactions Delta, Bybit’s transaction delta returned close to zero around May 16, marking a clear change from the strong and consistent positive readings seen from mid-April through mid-May.

In market terms, sustained deposit-side activity can often be interpreted as a sign of potential sell-side pressure, since coins moving into exchanges are usually more available for trading or selling.

The latest shift is important because that pressure appears to have paused.

Bybit’s delta moving back near zero means the previous deposit imbalance has faded, at least on a transaction-count basis.

At the same time, Binance and Coinbase have moved back into negative territory.

This means withdrawal transactions are now outweighing deposit transactions on those exchanges, showing a different flow structure compared with the earlier Bybit-led deposit phase.

This creates a more interesting setup for XRP. The market is no longer showing the same broad exchange-deposit pressure that was visible during the mid-April to mid-May period.

Instead, the data now points to a rotation: Bybit deposit activity has cooled, while Binance and Coinbase are seeing stronger withdrawal-side behavior.

The key point is that this metric tracks transaction delta, not total token volume. So it does not confirm the exact amount of XRP being deposited or withdrawn. However, the change in direction is still notable because it reflects a clear shift in exchange behavior across major venues.

Written by Amr Taha