XRP Exchange Outflows Surge As Price Struggles Below $1

XRP is seeing a major wave of exchange withdrawals as traders pull their tokens off major platforms like Coinbase, Binance, and Crypto.com. Analyst Amr Taha shared data showing that Coinbase led the trend with a seven day net wallet count of minus 14,300. This metric tracks whether users are depositing or withdrawing coins, and the negative numbers mean more people are taking their XRP off trading venues than putting it in.

Coinbase alone accounts for nearly half of the total absolute seven day net wallet imbalance. Binance and Crypto.com also saw negative net wallets after turning negative in July. Meanwhile, activity on Upbit dropped significantly compared to earlier months. When investors withdraw tokens from exchanges, they often plan to hold them in private wallets for the long term, which can reduce immediate selling pressure.

Despite the bullish look of high withdrawals, the price of XRP remains under pressure. The token is currently trading just below one dollar, struggling to regain momentum after recent market drops. Analyst Crypto Patel warns that the price could fall another twenty to forty percent into a lower accumulation zone between eighty five and sixty five cents before finding a solid bottom.

On the other hand, optimist ChartNerd believes the current chart pattern mimics the setup from past bull runs on a larger scale. He suggests a strong breakout could eventually target much higher prices if critical ascending support holds. For now, traders should watch exchange flows and key support levels closely to see which direction the market moves next.