XRP exchange reserves fall by 240 million as withdrawals intensify

XRP remains near $1 and has fallen almost 10% over the past month, even as peer crypto assets posted modest gains this week. Reserves on Upbit, Binance and Bithumb declined by roughly 240 million XRP from late-May and early-June levels to Aug. 19, with combined holdings dropping from about 11.08 billion to 10.84 billion, or 2.2%. Upbit remained the largest holder, while Upbit and Bithumb together accounted for nearly 76% of the tracked reserves. Withdrawal activity also strengthened: Coinbase reported a seven-day net wallet count of -14,300 as of Aug. 18, Binance -3,270 and Crypto.com -2,680. Meanwhile, transactions exceeding $1 million on the XRP Ledger jumped 280% in one day to nearly 40, and wallets holding 10 million to 100 million XRP accumulated about 72 million tokens. Active addresses reached nearly 50,000 over 24 hours last week, although social sentiment fell to a three-month low.

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