TLDR:
- XRP exchange reserves fell 6.5B tokens in synchronized outflow across Upbit, Binance, and Bithumb platforms
- Total exchange supply dropped 29% to 15.86B XRP since February amid custody migration trend
- Weekly Stoch RSI prints bullish cross in oversold zone following prior 600% and 130% rallies this year
- Coinbase balances down 99.97% while Coincheck sees 550M token inflow in unusual platform divergence
XRP exchange balances have dropped by 6.5 billion tokens since February, marking a 29% decline in platform-held reserves.
On-chain data reveals synchronized outflows across major trading venues. Total exchange supply now sits at 15.86 billion XRP. The movement represents one of the largest coordinated withdrawal events in recent memory.
Major Platforms Record Historic Outflows
Upbit led the exodus with 6.22 billion XRP leaving its reserves. Binance followed with 2.56 billion tokens withdrawn from its platform.
Bithumb saw 1.77 billion XRP move off exchange. Data from Chacha72kobe4er shows nearly every major venue experienced roughly 50% balance reductions.
Source: Chacha72kobe4er/XUphold, eToro, Bybit, and Bitbank each recorded similar percentage drops. The pattern suggests either large-scale user withdrawals or internal rebalancing.
Some platforms may be moving assets to cold storage. Others could be experiencing genuine customer migration to self-custody solutions.
Coinbase showed the steepest percentage decline at 99.97% since February. KuCoin, Paribu, and SwissBirg hit complete drawdowns at negative 100%. The data indicates a fundamental shift in how users are holding their XRP positions.
Technical Signals Flash Bullish as Supply Tightens
ChartNerdTA identified a bullish cross formation on XRP’s weekly Stochastic RSI indicator.
The signal appeared while the token sits in oversold territory. Previous major bullish crosses in 2025 preceded a 600% rally and a subsequent 130% upward move.
Source: ChartNerd/XCurrent price stands at $2.20 according to CoinGecko. Trading volume reached $1.99 billion over 24 hours. The token gained 1.04% in the past day and 7.96% across the previous week.
Some platforms bucked the withdrawal trend.
Evernorth recorded a 13.36% balance increase. Coincheck saw a massive inflow of 550 million XRP, representing a 37,746% spike. OKX displayed a 10,107% surge, though this likely reflects address reclassification rather than genuine deposits.
The widespread reduction in exchange balances typically signals reduced selling pressure. Fewer tokens on platforms means less immediate liquidity for market sales. Combined with technical indicators, the supply squeeze could create conditions for price volatility.
The post XRP Exchange Balances Drop by 6.5 Billion Tokens Amid Mass Withdrawal Wave appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-exchange-balances-drop-by-6-5-billion-tokens-amid-mass-withdrawal-wave/
