XRP Whales Retreat as Small Binance Transfers Surge
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XRP withdrawals below 10,000 tokens surged 6.6-fold on Binance, while reserves across three major exchanges increased by 120 million.
XRP withdrawal activity on Binance has changed quite a bit over the past few weeks. Between September 30 and October 20, withdrawals below 10,000 XRP grew from just 3% to 19.7% of total outflow value.
This figure represents a 6.6-fold increase and the highest level since October 2024.
A Shift in XRP Exchange Activity
At the other end, transfers above 1 million XRP lost ground. Their share of Binance outflows fell from 60% to 38.6%, according to CryptoQuant. Transfers between 100,000 and 1 million XRP moved in the opposite direction, as the figures rose from around 24% to 27%. Even with that shift, larger transfers still make up most of the activity.
Outflows above 100,000 units accounted for 65.7% of Binance’s total XRP outflow value. Coinbase also saw a sharp drop in its largest withdrawal category. The share of outflows involving more than 1 million units fell from 43% on September 30 to 12.5% on October 20, which is a 70.9% decline in relative terms.
But the change in withdrawal sizes is only part of the picture. XRP reserves have also been rising across three major exchanges. Between October 5 and October 20, Binance holdings increased from 2.60 billion to 2.66 billion. Upbit reserves climbed from 6.41 billion to 6.45 billion, while Bithumb went from 1.82 billion to 1.84 billion XRP.
The three exchanges added 120 million XRP, bringing their combined reserves to 10.95 billion tokens from 10.83 billion. Binance accounted for half of the increase.
“Together, the figures highlight a shift in the relative shares of smaller versus larger XRP withdrawals, alongside a renewed increase in exchange reserves. October 20 readings remain subject to final daily confirmation.

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