XRP CEX withdrawal share hits highest level since 2019

XRP withdrawal transactions as a share of activity on centralized exchanges have climbed to their highest level since 2019, according to an analysis by crypto analyst Amr Taha. Citing CryptoQuant data as of Aug. 14, Taha said XRP withdrawals accounted for 56.85% of Binance activity and 54.9% across all CEXs, while deposit shares fell to 43.12% and 45.0%, respectively, their lowest levels since 2019. The gap between withdrawal and deposit shares stood at 13.73 percentage points on Binance and 9.9 percentage points across all CEXs. Taha said exchange withdrawals are typically interpreted as a sign of holding intent. Taha added the metric is calculated on a seven-day basis, indicating a sustained shift rather than a temporary spike, and said the pattern appeared simultaneously on Binance and across all CEXs rather than being limited to a single exchange. Taha also said the indicator measures the share of transfer counts rather than XRP transfer size, meaning it does not by itself confirm net outflows or accumulation.