TLDR
- XRP outflows above 320 million tokens marked one of the largest recent exchange withdrawal spikes.
- Binance led the outflows, while Coinbase, Upbit, Bybit and Bitget also recorded heavy withdrawals.
- Binance XRP reserves fell by about 57 million tokens in three days, dropping to roughly 2.647 billion XRP.
- XRP open interest on Binance declined 15.3% from its six-month high as traders reduced leveraged positions.
- XRP traded near $1.50 after gaining about 16% in two weeks, while October has historically produced mixed returns.
XRP outflows have accelerated across major exchanges, with CryptoQuant data showing daily transfers above one million tokens rising past 320 million XRP. Analyst Xaif Crypto said a similar spike appeared in August before XRP advanced more than 42%, from about $1.05 to $1.50.
🚨 XRP EXCHANGE OUTFLOWS JUST EXPLODED
Daily outflows of 1M+ XRP transactions just spiked above 320M, the biggest reading on this chart.
Binance is leading the move 🟠, with Coinbase, Upbit, Bitget and Bybit also showing heavy outflows.
Last time we saw a spike like this… https://t.co/aWLFQD47Dv pic.twitter.com/6zTsvx4cme
— Xaif Crypto (@Xaif_Crypto) October 1, 2026
XRP Outflows Accelerate Across Major Exchanges
Binance recorded the largest withdrawals, while Coinbase, Upbit, Bybit and Bitget also saw heavy activity. The movement suggests large holders transferred tokens away from trading venues, although exchange withdrawals do not confirm future buying or selling decisions.
Amr Taha reported that Binance XRP reserves rose from about 2.60 billion to 2.70 billion tokens between September 13 and 27. Reserves then dropped to 2.647 billion by September 30, removing roughly 57 million XRP in three days.
CryptoOnChain reported Binance XRP open interest fell 15.3% from a six-month high of $616.1 million to $521.5 million on September 29. Long liquidations also averaged $3.72 million daily from September 24 through 29.
Funding rates fell from 0.010 to 0.005 during the same period. Meanwhile, XRP ETFs recorded cumulative inflows near $1.79 billion, adding another market factor as traders reduced leveraged exposure.
XRP Price Holds Near $1.50
XRP traded near $1.50 at the time of reporting, up about 1% over 24 hours. The token gained roughly 16% over two weeks but remained down more than 47% over the past year.
Market participation also remained broad. Recent data showed XRP holder addresses climbed to 8.15 million, while exchange balances and futures positions moved in different directions.
XRP ended September with a third straight monthly gain, adding about 8%. Spot XRP ETFs attracted more than $121 million during the month, taking cumulative net inflows close to $1.8 billion.
The token also entered October after its strongest third quarter in four years. However, October has produced mixed results historically, with only five of the past 13 Octobers ending higher.
XRP gained 16.5% in October 2023 before falling 16.7% in October 2024 and nearly 12% last year. Current XRP outflows, lower leverage and ETF demand now provide fresh data points as October trading begins. Analysts continue watching exchange reserves and derivatives data for changes in supply and trader positioning.
