XRP Whale Outflows Diverge on Binance and Coinbase, Exposing a 40% Gap

On-chain data indicates that XRP outflows on Binance and Coinbase, two of the largest crypto exchanges, have diverged.

While XRP has struggled to gain momentum, new on-chain data shows a difference in the size of outflows on Binance and Coinbase. 

The findings come from a recent analysis by CryptoQuant analyst Amr Taha, who discussed XRP outflow activity involving transfers of 100,000 XRP and above.

According to Taha, the structure of large XRP outflows looked very different on the two exchanges on Aug. 3. He found that Binance and Coinbase followed very different patterns despite both recording substantial high-value transfers.

Binance Records Stronger Million-XRP Outflows

On Binance, transfers worth more than 1 million XRP made up 55.3% of the exchange’s total daily XRP outflow value on Aug. 3. Taha noted that this was the highest share since June 30, when the same group accounted for about 56% of daily outflow value while XRP traded near $1.04.

The latest figure brings this transaction group close to its previous peak, with XRP again trading at nearly the same price level. This suggests that the largest transfers have become more active again around the same price range.

However, the trend on Coinbase looked very different. There, transfers above 1 million XRP accounted for only 15% of total outflow value on Aug. 3, down from 36% on July 2.

Coinbase Sees Larger Role from Mid-Sized XRP Transfers

Essentially, on this metric, Binance exceeded Coinbase by 40.3% points or by about 3.7x.

Interestingly, Coinbase saw more activity in the 100,000-to-1-million XRP transaction group. This category grew from around 35% on June 1 to 55.8% on Aug. 3, an increase of 20.8% points over the period.

On Binance, the same transaction group represented only 24.5% of total outflow value. As a result, both exchanges had a leading transaction category of roughly 55%, but they reached that level in different ways. 

Binance was led by transfers above 1 million XRP, while Coinbase was driven by transfers between 100,000 XRP and 1 million XRP.

Looking at all transfers above 100,000 XRP, they made up 79.8% of Binance’s total outflow value and 70.8% of Coinbase’s. Taha said these figures show that large transactions continued to dominate outflow activity on both exchanges, even though the mix of transaction sizes differed significantly.

He also pointed out that these metrics only show how much each transaction-size group contributed to the total daily outflow value. They do not measure the total amount of XRP leaving each exchange, net inflows or outflows, who owned the transferred XRP, or where the tokens moved to after leaving the exchanges.

XRP Remains Below Key Resistance

Meanwhile, XRP continues to trade around $1.07 while remaining inside a descending channel that has guided its price movement since July 2025. Buyers tried several times to push the price higher, but every attempt failed to break above the channel’s upper boundary.

Technical indicators also suggest weakening momentum. The daily MACD has turned negative, and XRP is trading below its 20-day EMA at $1.08. This shows that short-term strength has faded. 

In the short term, traders are watching several important price levels. XRP needs to hold above $1.05, reclaim $1.083, and then close above $1.10 to improve its recovery outlook. 

If the price falls below $1.048, it could move toward the liquidity zone between $1.00 and $1.008. On the upside, analysts generally see the $1.20 to $1.25 range as the next major resistance area that buyers need to overcome.

In addition, wider market conditions continue to limit stronger price moves. Both the CLARITY Act vote and the Federal Reserve’s interest rate decision have been delayed until September, leaving few major events that could drive the market this month.