XRP Withdrawals Dominate Binance for Seven Straight Days, Hitting 53.8% — Highest Since June 2024

XRP withdrawal transactions on Binance have become the dominant activity over the past week, with the 7-day withdrawal share reaching 53.8% on June 23 — its highest level since June 2024.

At the same time, XRP deposit transactions on Binance fell to 46.1%, their lowest reading since 2024. The gap left withdrawals ahead of deposits by 7.7 percentage points.

The divergence is not limited to a single daily move.

Withdrawal transactions have remained dominant over deposit transactions for seven consecutive days since June 17, marking a sustained shift in XRP transaction behavior on Binance.

The chart shows a clear reversal in transaction balance: withdrawals are now accounting for the larger share of XRP transaction activity, while deposit transactions have moved to their weakest level in roughly two years.

This metric measures the share of deposit and withdrawal transactions, not the dollar value or total amount of XRP moved.

A higher withdrawal share indicates that withdrawal transactions are outnumbering deposit transactions on Binance, but it should not be treated alone as a direct buy-or-sell signal.

The key development is the persistence of the move: XRP withdrawal activity has held control on Binance for a full week, reaching its strongest level since June 2024 as deposit transaction dominance falls to a multi-year low.

Written by Amr Taha