XRP Inflows, Outflows on Binance Hit Six-Month High, With Range-Bound Trading Seen Persisting

XRP deposits and withdrawals on Binance both reached their highest levels in six months, though limited changes in the exchange’s holdings suggest the token may continue trading in a range in the near term rather than break into a clear trend.

According to a Sept. 13 CryptoQuant Quicktake post, on-chain analyst CryptoOnchain said 91,230,719 XRP flowed into Binance on Sept. 11, while 113,912,236 XRP was withdrawn, making both the day’s inflows and outflows the largest in six months.

Although withdrawals exceeded deposits by about 22.7 million XRP that day, Binance’s XRP holdings rose only 0.43% on a weekly basis. The seven-day average holding was 2.6263 billion XRP, 0.18% below the quarterly average.

CryptoOnchain interpreted the simultaneous surge in deposits and withdrawals as a sign of more active fund movements rather than net accumulation or large-scale selling. The analyst also cited the possibility of internal wallet transfers or asset rebalancing by market makers, while adding that those remain unconfirmed hypotheses.

Changes in the derivatives market were also limited. XRP open interest averaged $476.7 million, up just 0.23% from a week earlier.

With exchange holdings little changed, funding rates easing and liquidations appearing on both the long and short sides, CryptoOnchain said XRP is more likely to remain range-bound for now than to establish a distinct trend.