XRP Binance Withdrawals Hit Two-Year High, Transaction Imbalance Mirrors Setup Before 66% Rally

XRP withdrawal activity on Binance has climbed to its highest level in at least two years.

According to a new on-chain analysis by CryptoQuant contributor Amr Taha, the exchange is now recording a significantly larger share of withdrawal transactions than of deposits.

Taha said Binance’s share of XRP withdrawal transactions reached 54.5% on July 17, the highest level since July 2024. Meanwhile, deposit transactions fell to 45.4%, the lowest reading since the same period and below the previous low of 46.7% recorded on June 20, 2025.

The widening gap between withdrawals and deposits has expanded to 9.1 percentage points, up from 6.5 points on June 20, 2025. According to Taha, this makes the current imbalance roughly 40% wider than the previous comparison.

Binance Outpaces Broader Exchange Trend

The broader centralized exchange market is showing a similar pattern, though Binance’s shift is more pronounced.

Across all centralized exchanges, withdrawal transactions accounted for 53.01%, nearly matching the 53.09% recorded on June 20, 2025, while deposit transactions stood at approximately 46.9%.

Binance’s withdrawal share is now 1.49 percentage points higher than the all-exchange average. Its 9.1-point withdrawal-deposit gap is also nearly 49% wider than the roughly 6.1-point gap observed across all centralized exchanges.

The figures suggest Binance users are moving XRP off the exchange at a faster rate than the broader market, although the data reflects the number of transactions rather than the size or value of transferred funds.

Previous Pattern Preceded 66% XRP Rally

Taha pointed to a historical parallel that has drawn attention from market participants.

After similar transaction levels were recorded on June 20, 2025, XRP’s price climbed from approximately $2.11 to $3.50 by July 21, delivering a gain of nearly 66% in about one month.

At the time of the analysis, XRP was trading near $1.09, around 48% below its June 2025 comparison price and nearly 69% below the subsequent $3.50 peak.

However, Taha cautioned against interpreting the data as a direct bullish signal. The metrics track the proportion of deposit and withdrawal transactions, not the volume of XRP being transferred or net exchange flows.

As a result, the shift reflects a change in transaction composition rather than definitive evidence of capital leaving exchanges or a guarantee that price will follow the same trajectory.