XRP is showing a sharp exchange-level split as large-wallet withdrawals return to dominance on Binance, while Coinbase shows a very different outflow structure.

On Binance, the share of daily XRP outflows above 1 million XRP has climbed to 57.6%, marking the highest reading since the 66% spike recorded on March 28. A previous elevated reading near 60% also appeared in late April.

Notably, all of these high whale-outflow readings occurred while XRP was trading in a relatively tight zone between $1.33 and $1.42.

This makes the current setup important.

XRP is not just seeing large withdrawals; those withdrawals are again being dominated by the biggest transaction category on Binance, suggesting that major holders may be moving coins away from the exchange while price remains near the same zone seen during earlier whale-dominance spikes.

The signal becomes more interesting when compared with Coinbase.

On Coinbase, the same above-1M XRP outflow category has dropped to 14.8%, its lowest level since April 11. At the same time, the 10K–100K XRP outflow group has risen from 19% to 36% between April 11 and May 19, showing stronger activity from mid-sized wallets rather than the largest holders.

The key takeaway is the divergence.

Binance is showing renewed whale dominance in XRP withdrawals, while Coinbase is showing a shift toward smaller and mid-sized outflow activity.

For traders, the $1.33–$1.42 range now becomes an important zone to watch.

Previous spikes in Binance whale-withdrawal dominance appeared in the same price region, and the latest 57.6% reading suggests that large holders are once again active around this level.

The market signal is not fully bullish or bearish by itself.

Instead, it points to a more specific story: XRP whales appear more active on Binance than Coinbase, creating a clear split in exchange behavior at a key price range.

Written by Amr Taha