Binance Data Suggests XRP Holders Accumulating Asset Amid Price Volatility

The latest data from Binance suggests that XRP holders are accumulating the asset, despite recent price fluctuations.

According to CryptoQuant, a seven-day rolling period ending June 23 saw XRP withdrawal transactions account for 53.8% of total XRP activity on the exchange, the highest reading since June 2024.

This indicates that more individual withdrawals than deposits are occurring, suggesting holders may be moving XRP to cold storage or ETF custody rather than a single outflow event.

The divergence between deposits and withdrawals has increased to 7.7 percentage points, with approximately 722 million XRP leaving exchanges between June 3 and June 14, including around 425 million from Binance.