A divide emerged between Binance and Coinbase in the share of large XRP withdrawals.

On Aug. 4 (all times local), blockchain media outlet The Crypto Basic reported that transfers above 1 million XRP on Aug. 3 accounted for 55.3 percent of Binance’s daily XRP withdrawal volume, while the share for the same band on Coinbase was 15 percent.

The analysis is based on on-chain data compiled by CryptoQuant analyst Amr Taha (아므르 타하), using transfers of at least 100,000 XRP. Large transfers were active on both exchanges, but the band driving withdrawals differed. Binance was led by transfers above 1 million XRP, while Coinbase had a higher share in the 100,000 to 1 million XRP band.

Binance’s 55.3 percent share for transfers above 1 million XRP is the highest since June 30. At that time, the same band accounted for about 56 percent of daily withdrawal value and XRP traded around $1.04. Taha said the latest figure is nearing the prior high again and viewed the biggest transfers as becoming active again around a similar price level.

Coinbase showed the opposite pattern. Its share for transfers above 1 million XRP fell to 15 percent on Aug. 3 from 36 percent on July 2. The gap between the exchanges widened to 40.3 percentage points, and by share Binance was about 3.7 times higher.

Instead, Coinbase saw rapid growth in the 100,000 to 1 million XRP band. That band rose to 55.8 percent on Aug. 3 from about 35 percent on June 1. On the same day, the same band accounted for 24.5 percent on Binance. Both exchanges had a representative band of around 55 percent, but the size of funds leading withdrawals differed.

When expanding the scope to all transfers of at least 100,000 XRP, a common point was that large transactions dominated withdrawals. As of Aug. 3, transfers of at least 100,000 XRP accounted for 79.8 percent of total withdrawal value on Binance and 70.8 percent on Coinbase. Taha pointed out that these figures show big trades were at the center of withdrawal activity on both exchanges. He added that they only show the share by transaction size and are not indicators of how much XRP actually left each exchange, net inflows and net outflows, the holder entities, or post-withdrawal routes.

The price trend remains weak. XRP was trading around $1.07 and stayed within a declining channel that has continued since July 2025. Buying attempts tried to rebound several times but failed to break above the channel’s upper boundary. The daily moving average convergence divergence (MACD) turned negative, and the price is also below the 20-day exponential moving average of $1.08. This signals weakening short-term momentum.

The short-term price range is also clear. The market is watching whether XRP can hold above $1.05, regain $1.083 and then close above $1.10. If it slips below $1.048, a move down to a $1.00 to $1.008 liquidity zone was suggested. On the upside, the $1.20 to $1.25 zone is cited as the next key resistance.

External variables are also limited. With both a vote on the Clarity bill and the U.S. Federal Reserve’s rate decision pushed back to September, there are not many factors this month that could sharply sway the direction of the cryptocurrency market, including XRP. For now, a key point to watch for the short-term trend remains which price band large withdrawal players by exchange start moving again.