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XRP continued to trade flatly on Sunday amid a volatile week marked by discussions of the CLARITY Act and the ongoing Middle East conflict involving the U.S.
Notably, the coin posted a modest 2% gain over the past seven days, signaling resilient demand despite the broader market downturn.
According to CryptoQuant analyst Amr Taha, Coinbase recorded its strongest withdrawal-dominant seven-day period in roughly five months. The exchange’s seven-day net withdrawal transaction count dropped to approximately 13,000 on July 15, exceeding the previous low of around 12,300 recorded on February 14.
The latest reading represents a decline of roughly 700 transactions, highlighting a wider gap between withdrawals and deposits than seen earlier this year.
Binance also reflected a similar trend, with its seven-day metric falling to approximately 5,600, a level last observed in February. Although Binance also showed withdrawal-heavy activity, Coinbase’s negative reading was roughly 2.3 times larger, making it the strongest example of users removing XRP from exchanges.
 
Meanwhile, Bybit experienced the sharpest change in market structure. Its seven-day transaction balance shifted from approximately +27,000 on June 7 to around -220 by July 15, marking a swing of more than 27,000 transactions in just over a month.
Unlike Coinbase and Binance, however, Bybit’s latest reading sits close to neutral, suggesting the earlier dominance of deposits has faded rather than being replaced by unusually aggressive withdrawals.
With Coinbase, Binance, and Bybit all simultaneously registering negative net transaction counts, Taha believes the data signals a broader change in user behavior across multiple exchanges, which could be positive for XRP bulls.
“With Coinbase, Binance, and Bybit all trading in negative territory simultaneously, the data points to a broader multi-exchange shift toward withdrawal-dominant XRP transaction activity,” he stated.
Historically, sustained exchange outflows are often viewed as a constructive signal because they can reduce readily available selling liquidity if the trend continues.
While on-chain data highlights changing investor behavior, several market analysts continue projecting substantially higher prices for XRP over the longer term.
Earlier this week, on-chain data from Santiment suggested trader sentiment toward XRP has turned increasingly optimistic, with the token recording its highest level of fear of missing out (FOMO) in five weeks.
Notably, the firm found that XRP was attracting roughly 3.02 bullish comments for every bearish one, outpacing Ethereum’s 2.31 ratio, while Bitcoin remained comparatively neutral at 1.40.
Historically, extreme bullish sentiment has often acted as a contrarian signal in the cryptocurrency market, meaning heightened optimism surrounding XRP could increase the risk of short-term price weakness or temper the pace of any recovery if expectations become overly one-sided.
Moreover, analyst Celal Kucuker expressed confidence in the asset’s prospects, stating that he expects XRP to reach $8 before the end of the year, while emphasizing that the projection reflects his personal market outlook rather than financial advice.
At press time, XRP was trading at $1.09, reflecting a 0.49% drop over the past 24 hours.