XRP Exchange Balances Flip Negative Across Coinbase, Binance and Bybit Together
XRP holds $1.09 as Coinbase posts its heaviest withdrawal-dominant week in five months and Bybit's balance flips from +27K to -220.
XRP is trading at $1.09, down 0.49% on the day but up 2% over the past week, as on-chain data shows three major exchanges simultaneously flipping into withdrawal-dominant territory. Coinbase, Binance and Bybit all registered negative seven-day net transaction counts through July 15, a pattern that CryptoQuant analyst Amr Taha flagged as a broader multi-exchange shift in XRP holder behavior.
Coinbase leads the outflow signal
Coinbase’s seven-day net transaction count fell to roughly 13,000 on July 15, breaking below the previous cycle low of about 12,300 set on February 14. That marks the exchange’s strongest withdrawal-dominant stretch in approximately five months, a decline of roughly 700 transactions versus the prior floor.
Binance showed a comparable trend, with its own seven-day metric dropping to around 5,600 — a reading last seen in February. Coinbase’s negative print, however, was roughly 2.3 times larger than Binance’s, making it the clearest single-exchange example of coins leaving custody rather than arriving.
Bybit’s structure swings hardest
The sharpest move came from Bybit, where the seven-day transaction balance swung from roughly +27,000 on June 7 to around -220 by July 15 — a shift of more than 27,000 transactions inside five weeks. Unlike Coinbase and Binance, Bybit’s current reading sits close to neutral, suggesting the earlier deposit-heavy regime has simply unwound rather than being replaced by an aggressive withdrawal wave.
Taha framed the combined picture as significant precisely because of its breadth. “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 said. Sustained outflows across venues typically thin the pool of coins available for immediate sale, which traders tend to read as a liquidity-tightening setup rather than a directional price call on its own.
Sentiment runs hot, price stays anchored
The exchange data lands alongside a sentiment spike. Santiment reported that XRP hit its highest fear-of-missing-out reading in five weeks, with a bullish-to-bearish comment ratio of roughly 3.02-to-1 — ahead of Ethereum’s 2.31-to-1 and well above Bitcoin’s comparatively flat 1.40-to-1. Extreme optimism readings like this have historically doubled as contrarian markers, meaning the crowd positioning could cap near-term upside even as structural outflow metrics look constructive.
Against that backdrop, analyst Celal Kucuker said he expects XRP to reach $8 before year-end, describing the call as his personal outlook rather than financial advice. The projection sits far above spot, and the token’s actual price action this week has been muted, moving in a narrow band even as macro headlines around the CLARITY Act and the Middle East conflict kept broader crypto markets on edge.
For traders, the divergence is the story: exchange flow data is signaling supply tightening across three of the largest venues at once, while price itself has yet to react with any comparable conviction. Whether the withdrawal trend extends into a sustained supply squeeze, or simply reflects short-term repositioning ahead of regulatory catalysts, will likely determine whether XRP’s flat trading range holds through the coming week.