Amr Taha2026-11-10

XRP Spot Volume Jumps 53% as Depositor Wallets Hit Multi-Month Highs

XRP spot trading activity rose sharply as net depositor-wallet counts reached their highest levels since August 20 on three exchanges, even as the token slipped toward $1.10. Between October 28 and November 9, the seven-day average of XRP spot volume across tracked exchanges climbed 53.2%, from $513 million to $786 million. Volume outside Binance rose from $384 million to $590 million (+53.6%), while Binance increased from $129 million to $196 million (+51.9%). Binance's share remained near 25%. On November 9, the net difference between depositing and withdrawing wallets reached +2,485 on Coinbase, +1,370 on Bybit and +889 on Crypto.com—4,744 in aggregate across the three exchanges. Each was the highest reading since August 20. Binance, by contrast, registered just +2. The divergence suggests that wallet-transfer behavior varied sharply across exchanges, even as spot trading volume expanded on both Binance and all cex. A separate Binance metric adds a post-breach dimension: cumulative whale net outflows fell $356 million, or 34.1%, from $1.045 billion to $689 million on November 4. The shift followed Binance's October 29 security incident, after which the exchange reaffirmed its commitment to protecting customer funds by pledging to fully cover all affected users' losses using its own resources, ensuring customers would not bear the financial impact of the breach.