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 Coinbase’s 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 fell to -4,380. Crypto.com posted -2,290, compared with its June 2025 low of -4,470.
Although Binance and Crypto.com have not yet matched their June 2025 lows, Taha said the simultaneous decline across all three exchanges strengthens the broader cross-exchange signal.
The metric measures the number of wallets that deposit and withdraw, not the amount of XRP transferred. As a result, it shows how widespread withdrawal activity is among users rather than the value of exchange outflows.
XRP Volatility Drops to Three-Month Low
In a separate CryptoQuant analysis, contributor Arab Chain said XRP’s 30-day realized volatility on Binance has fallen to about 0.34. That is its lowest level in three months. The token was trading near $1.07 at the time of the analysis.
The drop suggests daily price swings have become much more subdued than they were in June.
According to the analyst, periods of low realized volatility often coincide with weaker speculative trading. They can also reflect less panic- or greed-driven market behavior. Such conditions may indicate a temporary balance between buyers and sellers as the market waits for a new catalyst.
Quiet Market May Set Up Bigger XRP Price Move
Low volatility is not inherently bullish or bearish. However, Arab Chain noted that extended periods of market calm have historically been followed by larger price moves.
Major news, rising trading volumes, or shifts in investor sentiment can all trigger a fresh increase in volatility after a long period of compression.
With realized volatility at a three-month low, the analyst said investors can assess XRP’s broader trend without the distraction of sharp daily swings. If low volatility persists, however, the likelihood of a significant breakout—or breakdown—could increase. That is especially true if trading activity picks up or derivatives market positioning changes.
Ultimately, the combination of rising withdrawal-wallet activity across major exchanges and falling price volatility suggests XRP may be entering an important phase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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