XRP Sees Biggest Exchange Inflow Of 2026—Shortly Before Even Larger Outflows

On-chain data shows exchanges recently received the largest XRP deposit wave of 2026, before withdrawals completely flipped the trend.

XRP Has Seen Massive Outflows That Reversed The Earlier Deposits

As pointed out by on-chain analytics firm Santiment in an X post, exchange-activity related to XRP has occurred on a notable scale in both directions recently. The indicator of interest here is the “Exchange Flow Balance,” which measures the net amount of a given asset that’s moving into or out of the wallets connected to centralized exchanges.

When the value of the indicator is positive, it means traders are depositing a net number of tokens to these platforms. As one of the main reasons why investors their transfer their coins to exchanges is for selling-related purposes, this kind of trend can be bearish for the cryptocurrency.

On the other hand, the metric being below the zero mark suggests the outflows are