XRP Whale Withdrawals Top $720M as Risk-Adjusted Returns Signal Mixed Trends

Over $720 million in XRP has left major exchanges since June 3, according to CryptoQuant data. This is characterized as the most sustained whale-sized behavior since early February.

Binance accounted for about 425 million of these large outflows, while its Whale vs. Retail Spread remains near 90%, indicating that withdrawals of 100,000 XRP or more are driving exchange flow.

Upbit's share of net wallet flows has risen to 31% on June 14, its highest level since May 2024. Analyst Amr Taha linked this increase in Upbit's dominance with a 'rotation' towards the South Korean exchange and a roughly 5% rebound in XRP price to around $1.30.

XRP's Sharpe ratio remains negative at near -0.36, down from 0.18 in May. This has historically coincided with bearish consolidation phases, but has also preceded stronger gains in the past.