XRP withdrawal transactions on Binance have climbed to their highest level in the past two years.

On July 18, blockchain outlet The Crypto Basic reported that CryptoQuant analyst Amr Taha (아므르 타하) said Binance's XRP withdrawal transaction share stood at 54.5 percent as of July 17.

At the same time, Binance's XRP deposit transaction share fell to 45.4 percent. That was below the prior low of 46.7 percent recorded on June 20, 2025. The gap between withdrawals and deposits widened to 9.1 percentage points, up from 6.5 percentage points on June 20, 2025. Taha pointed out that the current imbalance is about 40 percent wider than in the previous comparison period.

A similar trend was seen across centralised exchanges, but the shift was more pronounced on Binance. Across all centralised exchanges, the XRP withdrawal transaction share was 53.01 percent and the deposit share was about 46.9 percent. Binance's withdrawal share was 1.49 percentage points higher than the overall average. The withdrawals-deposits gap was also almost 49 percent wider than the exchange-wide average of about 6.1 percentage points. This shows Binance users are moving XRP off the exchange faster than the broader market average.

The metric reflects the share of transaction counts, not the size of funds. It cannot, by itself, confirm how much XRP moved or whether net outflows occurred.

Market participants have focused on a similar pattern in the past. After a similar transaction structure appeared on June 20, 2025, XRP rose 66 percent in about a month, climbing from about $2.11 to $3.50 on July 21. At the time of this analysis, XRP was trading at about $1.09, about 48 percent lower than the June 2025 comparison point and about 69 percent below the subsequent peak of $3.50.

Taha drew a line against interpreting the data as a direct bullish signal. He explained the metric only tracks the "share of deposit and withdrawal transactions". He also said it does not show the volume of XRP moved or net outflows from exchanges. He stressed that the current change only indicates a shift in transaction composition and is not definitive evidence that funds are leaving exchanges or a guarantee that prices will follow the same path.

As a result, the indicator can be seen as a reference signal for gauging XRP supply-demand sentiment, but it has limits as a basis for asserting price direction. With Binance's withdrawal dominance widening more than the centralised exchange average, the market is watching whether actual fund flows and price reactions follow.

The core of the analysis is not price but a change in transaction structure. Because Binance's XRP deposit-withdrawal shares diverged in a different direction from the centralised exchange average, it is read as a sign that market participants have started to examine the nature of flows separately from trading volume.