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XRP withdrawal transactions accounted for 55.75% of deposit and withdrawal activity on Binance on October 25, according to Coinpedia, putting the figure close to the exchange’s August 18 high of 56.75%. Across centralized exchanges, the withdrawal share was 54.85%, near a previous peak of 55.4%.
The same report put Binance’s whale-versus-retail spread at 49.5% on October 26, versus 29.7% across all centralized exchanges, a 19.8 percentage-point difference. The publication read the combination as a potentially constructive signal in XRP’s market structure ahead of the Federal Reserve’s October 27–28 meeting.
Also readXRP Scarcity Index on Binance Hits Highest Level Since Mid-2024, So Where Did the Coins Go?
Key facts
- Binance withdrawal share reached 55.75% on October 25, against an August 18 high of 56.75%.
- Centralized-exchange withdrawals were 54.85%, compared with a prior peak of 55.4%; deposits were 45.15% against a prior low of 44.5%.
- Binance deposits fell to 44.25%, approaching an August low of 43.25%.
- Binance’s whale-versus-retail spread was 49.5% on October 26 versus 29.7% market-wide, a 19.8 percentage-point gap.
- On July 28 the equivalent gap was 2.5 points, with Binance at 35.5% and the broader exchange market at 33%.
What changed in XRP’s exchange mix
The movement toward withdrawals is measured as a share of deposit and withdrawal transactions, not as a balance figure. Coinpedia noted that if the trend continues and exchange balances fall, it would imply less XRP is immediately available for trading on centralized platforms.
The whale-versus-retail comparison shows where activity is concentrated. Relative whale withdrawal activity on Binance is now far more pronounced than in late July, when the exchange’s spread barely differed from the market average. Coinpedia said stronger spot demand and sustained net exchange outflows would be needed to reinforce the reading.
Also readXRP Reserves on Binance Drop to Lowest Level Since February 2024 — Analyst Draws Parallel to 50% Rally Setup
The Fed meeting as the next input
The Federal Reserve’s two-day meeting ends October 28, and traders are watching both the interest-rate decision and policymakers’ guidance for signals about financial conditions and appetite for risk-sensitive assets. Any pickup in spot buying after the announcement would be the test of whether the exchange data translates into momentum.
Why it matters
Exchange flow data is one of the few on-chain-adjacent measures traders can read in near real time, and it is often used as a rough proxy for whether holders intend to sell or hold. A withdrawal-heavy mix and a wide Binance whale spread suggest large holders have been moving coins off the exchange rather than depositing them for sale, a pattern Coinpedia treats as supportive for supply dynamics.
The caveats are built into the data. These are transaction-share readings from a single day, and the comparison points are August highs and lows rather than confirmed trends. Without accompanying net outflow figures, the signal remains suggestive rather than conclusive.
What to watch
The Federal Reserve’s rate decision and guidance on October 28 are the immediate catalyst. Coinpedia’s framing also depends on whether the withdrawal share holds near its August levels and whether exchange balances keep declining in the sessions after the announcement.
This article is not financial advice, and crypto markets are volatile and uncertain; past exchange-flow patterns do not guarantee future price direction.
Source: Coinpedia
