XRP Holders Exit Binance in Droves as Network Activity Tells a Different Story
Published on 07/18/2026 at 20:13 | Redaktion boerse-global.de
XRP investors are pulling tokens off Binance at the fastest clip in two years, with withdrawals outstripping deposits by a wide margin. The move is an outlier in a market that otherwise looks listless. Transferring coins from an exchange to a private wallet typically signals an intention to hold for the longer term rather than trade actively, suggesting a cohort of owners is settling in for an extended period without selling.
The trend toward self-custody stands in sharp contrast to the network’s own sluggish metrics in early July. Daily active wallets on the XRP Ledger fell to 25,350 — the second-lowest reading of 2026 — while new address creation slumped to just 2,130, the weakest level since November 2024. US spot ETFs tracking XRP also bled $7.29 million on July 8. Taken together, those three data points painted a picture of a recovery in price that owed more to broad market sentiment than genuine usage of the blockchain. That makes the sudden surge in exchange outflows all the more surprising.
Ripple scored a regulatory win in Europe on July 16, when the European Securities and Markets Authority added Ripple Payments Europe to its MiCA register alongside 14 other firms, bringing the total authorized crypto service providers in the European Union to 294. The approval, underpinned by a Luxembourg CSSF license and a preliminary “green light letter” issued on June 23, allows Ripple to passport its regulated crypto and stablecoin services into as many as 30 European Economic Area countries. Ripple says it now holds more than 75 regulatory licenses worldwide, including a UK FCA authorization.
Should investors sell immediately? Or is it worth buying XRP?
Yet the market barely budged. XRP ticked up to $1.08 on July 18, a gain of roughly 1 percent, while trading volume slumped 24 percent to $865 million. The token now changes hands at $1.09, roughly 4 percent below its 50-day moving average of $1.14 and a full 70 percent off the 52-week high of $3.65 touched in July 2025. Over the past 30 days, XRP has fallen 8.23 percent.
Headwinds from the United States are dulling the impact of positive European news. The likelihood that the CLARITY Act — a bill intended to clarify which agency regulates digital assets — will pass has tumbled to a record low of 32 percent on Polymarket, down from 75 percent in May, as ethics negotiations stall in the Senate. President Trump met with senators on July 16 to push for a vote before the August recess, and Kalshi gives a 79 percent probability of a Senate vote before the break, but only a 36 percent chance of the bill becoming law this year.
Institutional inflows have not broken the stalemate either. XRP ETFs have absorbed a cumulative $1.48 billion over nine weeks without budging the price above $1.15. JPMorgan had modeled first-year inflows of $4 billion to $8.4 billion, suggesting the actual pace remains far below what would be needed to ignite a sustained rally. Analysts at AInvest caution that demand for XRP ultimately depends on real-world use of the XRP Ledger, not regulatory licenses alone, while the RLUSD stablecoin still requires a separate EU authorization before it can be deployed in the region. BeInCrypto notes a bullish chart pattern but warns it needs higher volume for confirmation.
For now, XRP remains trapped in a narrow band between $1.08 and $1.10. The Binance outflows hint that a subset of investors is betting on a longer time horizon, but the network itself is showing few signs of life. Whether the exchange exodus is a leading indicator or a one-off anomaly will likely become clearer in the coming weeks, as fresh data on active wallets and ETF flows emerge.
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