Exchange activity involving XRP has declined sharply in recent months, raising questions about the potential impact on Ripple’s price.
Alongside Bitcoin, major altcoins experienced modest gains as optimism over a possible ceasefire in the Iran conflict boosted risk assets. XRP increased by 4% on Tuesday.
However, this rise comes at a time when fewer users are interacting with crypto exchanges.
Market Interest Declines
On-chain data from CryptoQuant shows that deposit and withdrawal transactions across major exchanges have reached the lowest level since this metric was first introduced. The slowdown follows a significant drop in XRP’s price, which has fallen more than 60 percent from its peak last summer. The data suggests that the price correction has coincided with a sharp decline in user engagement with exchanges.
The insight comes from the Multi Exchanges Daily Depositing and Withdrawing Transactions Delta, which tracks the net number of XRP transfers across 15 leading cryptocurrency exchanges. Unlike traditional metrics that measure total asset volumes moving between wallets and exchanges, this metric focuses on the number of individual transactions.
This provides a clearer view of the number of users actively sending or withdrawing XRP rather than simply tracking token amounts.
Higher values in the metric generally indicate that more users are depositing XRP onto exchanges than withdrawing it, which can signal potential selling pressure. Conversely, lower values typically suggest that participants are withdrawing XRP to private wallets, a pattern often linked to accumulation or long-term holding.
Historical trends show that the last major surge in exchange deposits occurred in January 2025, when XRP approached $3. This was followed by significant withdrawal activity from May to June 2025, reflecting accumulation after the sell-off.
Ripple’s Payments Network
The development comes as Ripple shared several milestones related to its payments network. In a post on X, the company reported that Ripple Payments has processed over $100 billion in total transaction volume and now operates in more than 60 markets worldwide.
The network is connected to 51 real-time payment rails. Ripple also noted that RLUSD achieved a $1 billion market capitalization within a year of its launch. The company stated that the platform supports both fiat currencies and stablecoins while operating under more than 75 regulatory licenses in multiple jurisdictions.#crypto #cryptonews https://t.me/coinsignalpublic https://coinsignals.net
