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XRP withdrawals on Binance rose as traders shifted activity away from deposits, while leverage in the exchange’s derivatives market reached a yearly high. Data shared by Cryptoquant showed withdrawal dominance at 53.2%, and Binance’s XRP Estimated Leverage Ratio hit its highest level of 2026.
On June 15, withdrawal transactions accounted for 53.2% of XRP activity on Binance, according to Cryptoquant’s analysis shared on June 16. The firm said this was the highest reading since April 10, when the metric stood at 53.4%.
Withdrawal dominance remained elevated at 53.1% on June 16 as XRP traded near $1.22. Over the same period, Binance XRP deposits fell to 46.7% on June 15 and were 46.8% on June 16—both described as the lowest levels since April.
Cryptoquant noted that a similar withdrawal-dominant zone had appeared before a larger XRP move later in 2025, while stating that the comparison is not predictive. The analyst also emphasized that the signal does not necessarily indicate immediate upside, but does suggest exchange behavior is moving away from deposit dominance.
The analysis added that exchange flows are closely watched because assets typically need to be deposited before they can be sold. Sustained withdrawal dominance therefore points to fewer tokens being moved to trading venues.
Alongside the spot-flow shift, Cryptoquant also highlighted a derivatives metric. Binance’s Estimated Leverage Ratio for XRP climbed to about 0.1899 on June 16, its highest level of 2026, as XRP traded near $1.24.
The ratio had largely been between 0.15 and 0.18 in recent months before breaking above that range, according to the analysis. Cryptoquant said the indicator remains important for monitoring the inherent risk level in the XRP market.
The analysis said higher leverage does not show whether traders are mostly long or short, but it can increase XRP’s sensitivity to sharp price swings that may trigger liquidations on either side of the market. With Binance’s leverage ratio at a yearly high and withdrawal activity staying elevated, the exchange’s spot and derivatives activity is increasing around the same price area.
