XRP holders are pulling their coins off exchanges faster than new money is flowing in. Coinbase, Binance, and Crypto.com all swung into negative wallet territory in early August, a signal that withdrawal pressure is widespread. The token itself has been stuck in the $1.05 to $1.08 range, pinned down by sellers who won't let it breathe.
Coinbase Hits Its Worst Level Ever
Coinbase took the hardest hit. On August 4, the exchange's seven-day net flow metric dropped to minus 10,900 wallets, meaning 10,900 more addresses pulled XRP than deposited it over the week. That's not just a bad number. It's 3.4 times worse than the previous record low of minus 3,200 set back in June 2025. The gap is so wide it suggests a shift in behavior, not a random fluctuation.
Binance and Crypto.com told a similar story, though neither hit bottom yet. Binance registered minus 2,550, matching its lowest point since June 2025. Crypto.com landed at minus 2,290. Both exchanges entered negative territory on July 17 and have stayed underwater. The fact that all three platforms crossed into the red at the same time hints at something bigger moving the market.
One important wrinkle: this metric counts wallets moving coins, not the total amount. A million small accounts pulling $100 each registers the same as a whale moving millions. So what we're seeing is volume of participants exiting, not necessarily velocity of capital. That distinction matters for reading the true depth of selling pressure, but the width of it, the number of actors involved, is unmistakable.
This article is informational only and should not be construed as financial advice. Do your own research before making any investment decisions.
