Binance reported a surge in $XRP withdrawals on June 15, with the metric reaching 53.2 % of total on‑chain activity, the highest level since April 10, according to Cryptoquant data released on June 16.
Withdrawal Dominance Rises Toward April Stress Zone
The withdrawal share held at 53.1 % on June 16 while $XRP hovered around $1.22, indicating a sustained shift away from deposit‑driven trading. Binance deposits for $XRP dropped to 46.7 % on June 15 and lingered at 46.8 % on June 16, marking the lowest deposit ratios observed since April.
Analysts highlighted that a similar withdrawal‑dominant pattern preceded a notable $XRP rally in 2025, though they cautioned that past behavior does not guarantee future price moves. The trend suggests fewer tokens are being funneled into exchange order books, potentially limiting immediate upside for investors.
Estimated Leverage Ratio Signals Heightened Derivatives Exposure
Cryptoquant also disclosed that Binance’s Estimated Leverage Ratio for $XRP hit its peak reading of 2026, reflecting amplified risk appetite among traders. The rise in leverage coincides with the heightened withdrawal activity, creating a dual pressure on the blockchain asset.
Market participants monitor such leverage metrics because they reveal how much borrowed capital backs $XRP positions on the platform. A growing leverage ratio, combined with withdrawal dominance, may signal that investors are preparing for broader market shifts rather than short‑term trading spikes.