10 hours ago
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Key Takeaways
- Coinbase and Binance both hit deeply negative net-transaction readings on June 18.
- Coinbase reached near -15,500, its deepest withdrawal dominance of 2026.
- Bybit’s early-June deposit spike near +27,000 collapsed to roughly -200.
- The metric tracks transaction counts, not the volume of XRP moved.
That points to a change in how holders are behaving, not just where their coins sit.
The conclusion comes first because it is the part that matters. The synchronized withdrawal dominance on Coinbase and Binance, paired with the collapse of Bybit’s deposit spike, suggests XRP is moving out of active distribution and into something closer to custodial consolidation. Fewer coins are being staged for sale on the venues where selling actually happens. That is not accumulation and not a buy signal, but it does mean one familiar source of overhead pressure appears to be easing.
The proof sits in the readings. Read Entire Article
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