XRP fell below $1 twice this week, even as on-chain data showed exchange withdrawals dominating activity at levels not seen since 2019 and whales increased their holdings to more than 12 billion tokens. On August 14, Binance Withdrawal Transactions % rose to 56.85% and All CEX Withdrawal Transactions % reached 54.9%, while deposit transaction shares fell to 43.12% for Binance and 45.0% across all centralized exchanges. The divergence between withdrawals and deposits was wider on Binance, at 13.73 percentage points, than across all CEXs, at 9.9 points. Because the measure is calculated on a 7-day basis and tracks transaction counts rather than XRP volume, it points to a sustained shift in exchange behavior but does not on its own confirm net outflows or accumulation.