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XRP Drops 5% to $1.40 Despite Record ETF Inflows and Binance Withdrawals

XRP Drops 5% to $1.40 Despite Record ETF Inflows and Binance Withdrawals

XRP fell more than 5% over the past 24 hours to trade at $1.40, pulling back after briefly touching a two-month high above $1.54. The decline came even as U.S.-listed XRP exchange-traded funds recorded their strongest weekly inflows of 2026 and large withdrawals from Binance continued almost daily.

ETF inflows hit a 2026 high

XRP ETFs pulled in $60 million in net inflows last week, the best performance since the final week of 2025 when they took in $64 million. Monday saw the largest single-day figure in over four months at $25.8 million. Cumulative inflows now stand at $1.39 billion, with total net assets at roughly $1.18 billion.

Binance outflows accelerate

Since May 3, approximately 403 million XRP have been moved off Binance in transfers of more than 1 million XRP each. The withdrawals have occurred nearly every day, a more sustained pattern than the isolated spikes that marked earlier periods. Previous large outflows in late March and mid-April were concentrated on Coinbase, not Binance.

On-chain activity picks up

The XRP Ledger recorded its highest on-chain activity since late March, with 48,453 active addresses in a 24-hour window. Network growth also accelerated: 3,317 new addresses were created, the strongest pace since March 19.

Ripple partners with JPMorgan, Mastercard, Ondo Finance

Ripple announced a partnership with JPMorgan, Mastercard, and Ondo Finance to pilot cross-border transactions using tokenized US Treasuries. The move aligns the company with major financial institutions exploring blockchain-based settlement.

The question now is whether the ETF inflows, the sustained Binance withdrawals, and the uptick in XRPL activity can persist. Traders are watching those metrics closely for signs of enough momentum to support a genuine price breakout.