Recent data reveals that on February 6th, the Binance exchange experienced an XRP (Ripple) outflow of 530 million coins in a single day, marking the largest daily withdrawal recorded between January and March of 2026. By mid-March, large transfer activities saw a resurgence, with average daily outflows recovering to approximately 50 million XRP.
During the trading period from January to early February, Binance's daily XRP outflow remained relatively stable. Data indicates that transfers exceeding 1 million XRP (orange segment) and over 100,000 XRP (purple segment) constituted the vast majority of transactions, with total daily outflows typically fluctuating between 50 million and 150 million XRP. Small transfers of less than 10,000 XRP (cyan segment) represented a negligible portion throughout this period.
The most striking event in the chart is the massive outflow on February 6th. On that day, the orange bar surged to approximately 530 million XRP, becoming the tallest bar in the entire chart. Following closely, another significant outflow peak occurred on February 9th, amounting to around 300 million XRP. Both events took place when XRP prices were nearing the $1.35 to $1.40 range (indicated by the black price line), a period when XRP prices stabilized after reaching a near-high of $2.30 in January.
From mid-February to early March, daily XRP outflows retreated to the range of 50 million to 100 million coins. However, trading data from mid-March shows that large transfer activities became active again, with average daily outflows recovering to the current benchmark level identified by Amr Taha, approximately 50 million XRP. It is noteworthy that small transfers (cyan and green segments) consistently remained at low levels throughout the observation period, further confirming that Binance's XRP outflow activities are primarily driven by large-scale asset transfers rather than retail investor withdrawals.
The second chart tracks XRP outflows from 15 major cryptocurrency exchanges during the same period (limited to transfers exceeding 1 million XRP per transaction), including Kraken, Bitstamp, Indodax, Binance, Bittrex, Gate.io, Bithumb, Coinbase, Bybit, Upbit, KuCoin, HTX Global, Bitget, Bitfinex, and Crypto.com.
Among all significant outflow events, Binance (orange segment) was the dominant contributor. On February 6th, the massive outflow of 530 million XRP from the Binance platform also appears as the highest peak among all exchanges combined in this chart, with Binance accounting for the vast majority of that day's total. Binance also showed a clear lead during the February 9th event, while Kraken (dark blue segment) made a significant secondary contribution on that day.
In early March, as XRP prices approached $1.35, trading activity on Coinbase (blue segment) also became clearly visible. Similar institutional activity occurring on two major compliant exchanges simultaneously may suggest synchronized accumulation by organized large holders or independent large-scale position adjustments, rather than isolated actions by a single platform.
Starting from mid-March,