XRP withdrawal activity on Binance has reached its highest level in at least two years. The exchange is recording significantly more withdrawal transactions than deposits, according to an on-chain analysis by CryptoQuant contributor Amr Taha.
On July 17, Binance's share of XRP withdrawal transactions hit 54.5%, the highest level since July 2024. Meanwhile, deposit transactions fell to 45.4%, the lowest reading since the same period and below the previous low of 46.7% recorded on June 20, 2025.
The gap between withdrawals and deposits has expanded to 9.1 percentage points, up from 6.5 points on June 20, 2025. Taha notes that this makes the current imbalance roughly 40% wider than the previous comparison.