While the XRP price remained under pressure in June, on-chain data showed that large withdrawals from Binance increased. According to the data, a total of 465 million XRP left the stock exchange between June 3 and June 11, 2026. In the same period, the XRP price dropped to $1.04 in June.
Binance exits are being watched closely
According to market data, withdrawals over 1 million XRP from Binance have become more frequent since the beginning of June. It was reported that the movements in question did not consist of a one-time transaction, but rather regular outflows spread over several days. This situation brought the impact of large investors on stock market balances to the agenda again.
Binance is among the world’s largest cryptocurrency exchanges in terms of daily transaction volume. For this reason, reserve changes on the platform are closely followed by market participants, especially in high-volume assets such as XRP.
Approximately 465 million XRP outflows occurred from Binance between June 3 and June 11. The data indicated that this was a steady flow over several days rather than a singular movement.
Large asset outflows from stock markets do not alone mean accumulation. However, it may affect the liquidity outlook as it may lead to a decrease in the supply available for sale on trading platforms. Even if the price remains weak in the short term, the decline in stock market reserves is considered a remarkable signal for some investors.
| Indicator | Data |
|---|---|
| Period under review | June 3 to June 11, 2026 |
| Total grand output | 465 million XRP |
| Large transaction threshold | Over 1 million XRP |
| Tracked platform | Binance |
Daily exit data to be announced in the coming days may provide a clearer picture of whether this trend will continue. If the outflows continue, the relationship between the current selling pressure in the market and the stock market supply may be further discussed.
Support zone stands out in the technical view
Along with on-chain data, the technical outlook also points to a critical area for XRP. According to analyst ChartNerd, XRP traded below resistance in the $0.70 to $0.80 range throughout 2023 and into late 2024. This zone served as a strong ceiling until the breakout occurred in the last quarter of 2024.
According to the analysis, the $0.70 to $0.90 range for XRP has become a region that needs to be watched carefully. It is not yet clear whether this area, which previously worked as resistance, will act as support in the future.
It was stated that the subsequent rise paved the way for the peak in July 2025, but then the momentum weakened. The negative crossover seen in the weekly exponential moving averages also indicated a change in direction in the broader trend. This process brought about a withdrawal from $2.40 in January 2026 to $1.12 in February.
Mini dictionary: EMA stands for exponential moving average and is a technical indicator that gives more weight to recent price data. A death cross is observed as an intersection that occurs when the short-term average falls below the long-term average and indicates a weakening trend in technical analysis.
It has been noted that XRP has followed a horizontal course since February, with short-term reaction increases from time to time. It was stated that the recent rejection near the 20-week EMA at approximately $1.55 was effective in the price’s retreat towards the June bottom.
While the $0.70 to $0.90 range was highlighted as a possible macro support zone in the analysis, it was stated that the $1.45 to $1.78 band on the weekly chart should be crossed again for an upward turn. Unless these levels are taken back, it is considered that the cautious approach is maintained in the broader outlook.
