XRP Market Structure Shifts as Large Investors Move Funds

CryptoQuant's analysis of XRP transfer data has revealed a notable change in large investor behavior since early June.

The platform notes that a significant divergence has emerged between Binance and Coinbase, two major cryptocurrency exchanges. On Binance, transactions exceeding 1 million XRP now account for nearly 53% of total outflows, up from 47%, while transfers between 100,000 and 1 million XRP have also seen an increase in share.

On the other hand, Coinbase has witnessed a decline in large-scale outflow activity. The share of transactions exceeding 1 million XRP on the exchange has fallen to around 10%.