XRP Price Holds Firm Amid Heavy Withdrawals from Major Exchanges

XRP's price remained stable on Sunday despite a volatile week marked by discussions of the CLARITY Act and the ongoing Middle East conflict.

The coin posted a modest 2% gain over the past seven days, signaling resilient demand despite the broader market downturn.

CryptoQuant analyst Amr Taha noted that Coinbase recorded its strongest withdrawal-dominant seven-day period in roughly five months. The exchange's seven-day net withdrawal transaction count dropped to approximately 13,000 on July 15, exceeding the previous low of around 12,300 recorded on February 14.

Binance also reflected a similar trend, with its seven-day metric falling to approximately 5,600, a level last observed in February. However, Bybit experienced a sharp change in market structure, with its seven-day transaction balance shifting from +27,000 on June 7 to around -220 by July 15.

Taha believes the data signals a broader change in user behavior across multiple exchanges, which could be positive for XRP bulls. 'With Coinbase, Binance, and Bybit all trading in negative territory simultaneously, the data points to a broader multi-exchange shift toward withdrawal-dominant XRP transaction activity,' he stated.