Recent on-chain data highlighted by blockchain researcher BankXRP points to a sharp slowdown in XRP activity on Binance, with both deposits and withdrawals declining significantly over the past month.
The chart, sourced from CryptoQuant, compares 30-day cumulative XRP deposits, withdrawals, and net transactions on the exchange, revealing a notable shift in trading behavior that has caught the attention of market observers.
BankXRP highlighted that Binance’s combined XRP deposits and withdrawals have dropped from approximately 650,000 transactions in June to around 350,000 currently. The post described the decline as a rapid cooling in exchange activity and suggested that the market is displaying a pattern similar to the period before XRP’s rally in October 2025.
The accompanying CryptoQuant chart illustrates that both deposit and withdrawal activity climbed to elevated levels during late 2025 before gradually declining into early 2026. After a brief recovery around May and June, both metrics have once again moved sharply lower. At the same time, the chart shows net transactions turning increasingly negative during recent weeks.
👀 XRP exchange activity is COOLING OFF fast
Binance deposits + withdrawals just fell off a cliff from 650K in June to 350K now 📉
Same setup we saw before the Oct 2025 run… history rhyming? 🔥Chart via CryptoQuant 📊 pic.twitter.com/8HGZnVN5Pc
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 25, 2026
Comparison With October 2025
BankXRP pointed to the resemblance between current exchange activity and conditions that existed before XRP’s October 2025 price advance. While the post did not state that another rally is guaranteed, it suggested that the similarity in exchange behavior is worth monitoring as market participants evaluate whether history could repeat itself.
Lower exchange activity often attracts interest because it may indicate that fewer holders are actively moving assets onto trading platforms. Although exchange flows alone do not determine future price direction, they remain one of several on-chain indicators traders use to assess market conditions.
The chart itself focuses exclusively on Binance transaction activity over a rolling 30-day period rather than XRP’s price performance, emphasizing changes in network movement instead of market valuation.
Community Offers Additional Context
The post also prompted responses from members of the crypto community who offered different interpretations of the data.
One commenter, Macro Bombastic, suggested that declining exchange activity can sometimes coincide with accumulation phases. The user noted that reduced deposits and withdrawals have historically preceded periods of stronger price performance in some market cycles, while acknowledging that investors will need to wait to see whether the current trend develops similarly.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
Another community member, Cryplololo, added that the chart may not capture an important structural change affecting exchange balances. The commenter noted that growing ETF custody services are absorbing XRP supply that previously remained on exchanges. From that perspective, part of the decline in transaction activity could reflect assets moving into institutional custody rather than a change in investor sentiment alone.
BankXRP’s post ultimately centers on one key observation: XRP activity on Binance has fallen sharply over the past month. Whether that slowdown represents accumulation, institutional migration, or reduced trading activity remains uncertain, but the data has added another on-chain metric for investors to monitor as XRP’s market develops.
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.
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