Daily XRP outflows in exchange transactions involving at least 1 million tokens exceeded 320 million, led by Binance and accompanied by heavy withdrawals from Coinbase, Upbit, Bybit and Bitget. Analyst Xaif Crypto noted that a similarly large August outflow preceded a more than 42% XRP rally from $1.05 to $1.50. Binance's XRP reserve rose from about 2.60 billion to 2.70 billion tokens between September 13 and 27 before falling to 2.647 billion by September 30, while CryptoOnChain reported that Binance open interest dropped 15.3% to $521.5 million. XRP was trading near $1.50, up about 1% over 24 hours and 16% over 14 days, but down more than 47% over 12 months. September delivered an eighth-percent gain and marked XRP's third straight green month, while spot XRP exchange-traded funds added more than $121 million and cumulative net inflows approached $1.8 billion. October has historically been mixed, with only five of the past 13 months ending higher.