New on-chain data posted by crypto researcher BankXRP suggests that XRP holders on Binance may be changing how they manage their holdings despite the token’s relatively stable market price.
In a recent post, BankXRP highlighted a notable shift in Binance’s seven-day XRP deposit and withdrawal activity. According to the chart, withdrawal transactions now account for 53.3% of activity, while deposits have fallen to 46.6%. The researcher noted that this represents the widest gap between withdrawals and deposits in several months, even as XRP continues to trade around $1.10.
The chart attached to the post tracks Binance’s daily XRP deposit and withdrawal transaction percentages alongside XRP’s price movement. While the price has remained largely unchanged in recent weeks, the withdrawal percentage has steadily increased, reaching its highest level during the period shown.
BankXRP suggested that this trend indicates users are moving XRP off Binance rather than sending tokens to the exchange for potential selling. The researcher stated that this type of on-chain activity differs from what investors typically expect during flat price action, arguing that exchange outflows may reflect holders choosing to retain custody of their assets rather than preparing to liquidate them.
XRP's on-chain flows are quietly shifting on Binance 👀
Withdrawals just hit 53.3% vs deposits at 46.6% the widest gap in months while price is stuck flat at $1.10.People are pulling XRP off the exchange, not dumping it. That's not what "flat price" usually looks like 🔥 https://t.co/dVxgWXBnjH pic.twitter.com/ECnKboJ2IV
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 10, 2026
MiCA Speculation Emerges in Community Responses
Following the post, some community members suggested that regulatory developments in Europe could be contributing to the increase in withdrawals.
One user, Simon M, commented that the activity may be linked to the European Union’s Markets in Crypto-Assets Regulation (MiCA). Identifying himself as German, he said he had withdrawn his XRP from Binance to another wallet due to the new regulatory environment.
His comment comes as the European Union reaches the end of its 18-month transition period for crypto firms operating within the bloc. Under MiCA, every exchange serving customers in the European Union must now hold the required authorization to continue offering services.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Reports indicate that only slightly more than 200 firms obtained full approval despite thousands previously operating across Europe. The regulatory changes have resulted in differing outcomes for major exchanges seeking to maintain access to the European market.
On-Chain Data Remains a Key Market Indicator
Although BankXRP did not claim that the withdrawal trend guarantees a future price move, the researcher emphasized that exchange flows can provide valuable insight into investor behavior beyond price alone.
With Binance withdrawals at 53.3% and deposits at 46.6%, the latest data suggests that a growing share of XRP holders are moving their tokens away from the exchange.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
