XRP is once again moving just above the psychological threshold of $1, while on-chain data shows a significant shift in holder behavior. The share of withdrawals from centralized exchanges has climbed to its highest level in more than five years, while the amount of tokens available for immediate sale is declining. Nevertheless, it cannot yet be said that the long-term bearish trend has definitively reversed.
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XRP withdrawals rising, deposits falling
On Binance, XRP withdrawals accounted for approximately 55.6% of all transactions during the observed seven-day period, the highest share since February 2021. A similar trend is also visible across other centralized exchanges, where withdrawals reached roughly 54%. The data thus suggests that more and more investors are moving their tokens off trading platforms, likely into private wallets.
At the same time, the share of deposits has decreased significantly. On Binance, it fell to approximately 44.3%, while across the entire market it hovered around 45.95%. Moreover, the gap between withdrawals and deposits widened within a few weeks, not gradually. Such a rapid change may signal weakening willingness to sell, but does not guarantee a price increase in itself.
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Support around $1 continues to play a key role
The shift in investor behavior comes as XRP has returned to the long-watched area between $1 and $1.05. It is here that the decision may be made whether the price stabilizes or continues to decline. Binance reserves are also attracting attention, having decreased from more than 2.77 billion to approximately 2.6 billion XRP over the past three months. Lower supply on the exchange may gradually limit immediate selling pressure.
However, the technical picture remains cautious. XRP has lost more than 42% of its value since the beginning of the year and continues to form lower highs and lower lows on the weekly chart. Record withdrawals and declining exchange reserves may therefore represent the first sign of seller exhaustion, not confirmation of a new growth cycle. For a potential reversal, it will be important whether XRP maintains the $1 threshold and whether the outflow of tokens from exchanges continues.
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