3 Major Exchanges Turn Negative in XRP Wallet Metric: Coinbase Leads at -10.9K
$XRP may be entering a new phase in the market as more people are moving $XRP off major exchanges like Coinbase, Binance, and Crypto.com. Meanwhile, the price has become the least volatile it has been in the past three months. According to CryptoQuant analyst Amr Taha, these exchanges are seeing more $XRP withdrawals than deposits. This suggests that investors are taking their $XRP off exchanges instead of sending it there, which can be a sign that they plan to hold it rather than sell. Coinbase Sees Largest Increase in Withdrawal Wallets According to Taha, Coinbase recorded the biggest shift. Its seven-day net depositing/withdrawing wallets metric fell to -10,900 on August 4. In other words, withdrawing wallets outnumbered depositing wallets by 10,900 during the period. The reading was about 3.4 times deeper than Coinbases previous low of -3,200, recorded in June 2025. This points to a sharp increase in withdrawal activity. The trend was not limited to Coinbase. Taha said Coinbase, Binance, and Crypto.com all entered negative territory on July 17 and have remained there through early August. That suggests withdrawal activity has stayed elevated across multiple centralized exchanges. Binance recorded -2,550 wallets on August 4. It last reached a lower level in June 2025, when the metric