XRP whale transfers surged by 280% as exchange withdrawals deepened, highlighting positioning by large holders near the $1 level. Binance open interest jumped from $360 million in early August to $461.3 million, the highest since early July, yet XRP price slipped toward $0.992 after trading above $1.10 in late July. Coinbase accounts for 47.3% of XRP exchange volume with a net balance of -14,300 wallets since February 28, indicating withdrawals outpaced deposits. Upbit’s market share dropped sharply from 40% to 12%, suggesting a geographic shift. The buildup of leverage near the psychological $1 level raises the risk of large liquidations if price breaks in either direction.
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