XRP traded near $1.06 below key moving averages while Aug. 3 outflow-value data still showed Binance dominated by transfers above 1 million XRP and Coinbase by 100,000-to-1-million-XRP activity.
XRP remained under pressure in early August, trading around $1.06 in a $1.05-to-$1.08 range as exchange-wallet data showed broad withdrawal-side participation across Coinbase, Binance and Crypto.com. Coinbase's seven-day net depositing/withdrawing wallets metric fell to a record -10,900 on Aug. 4, about 3.4 times below its previous June 2025 low of -3,200, while Binance and Crypto.com were also in negative territory into August at -2,550 and -2,290, respectively. Separate Aug. 3 outflow-value data still pointed to different transaction-size behavior across the two largest venues: transfers above 1 million XRP made up 55.3% of Binance's daily outflow value, the highest share since June 30, versus 15% on Coinbase, while Coinbase's 100,000-to-1-million-XRP bracket rose to 55.8%. The net depositing/withdrawing wallets metric tracks the breadth of withdrawing versus depositing wallets rather than token amounts, and the technical backdrop remained weak, with XRP below its 20-day EMA of $1.0838, 50-day EMA of $1.1163 and 100-day EMA of $1.1971, while the MACD histogram stayed negative. Support has held around $1.05 to $1.06, with $1.13 to $1.14 as first resistance, while Ripple President Monica Long pointed to growing institutional interest in 24/7 on-chain trading as a potentially constructive longer-term signal.