XRP Exchange Movements Update. You Need to See This

Fresh on-chain data from November 29 indicates a continuation of exchange outflows for XRP, with major platforms showing net declines in held balances.

The report identifies substantial withdrawals from Upbit, Bithumb, and Binance, while Coinbase, Gemini, Kraken, and Bybit recorded notable inflows or rebounds in their exchange inventories.

The consolidated figure cited in the update sets total XRP held across exchanges at approximately 15.81 billion tokens. This represents a decline of roughly 6.54 billion XRP (about 29.3%) since February. These movements reinforce a persistent reduction in exchange liquidity that has been visible in recent weeks.

$XRP Exchange Movements — November 29 Update

Fresh on-chain data is in, and here are the biggest signals from today’s exchange flows

Leading Exchanges See Mild Outflows
Upbit: –16.8M XRP
Bithumb: –3.8M XRP
Binance: –2.1M XRP

Even after yesterday’s major reshuffle,… pic.twitter.com/iyZRnBIbJk

— XRP 🅧 Army | Chacha72kobe4er (@Mullen_Army) November 29, 2025

Concentration and standout actors

The data highlights one institutional actor in particular as a dominant accumulator. Evernorth, a firm widely reported to be building a large publicly disclosed XRP treasury, is identified as the most significant net holder in the period under review and was reported to have no outflows on the specific day of the snapshot.

Evernorth’s accumulation and public fundraising efforts have been documented in several reports detailing sizeable purchases and commitments to hold XRP in institutional treasury structures.

Red flags and uneven outflow patterns

While aggregate exchange balances are down materially year-to-date, the distribution of outflows is uneven across venues. Certain platforms experienced extreme daily declines, with Bitget and Stake among those showing large percentage reductions in balance on the cited day.

Other venues such as BTC Markets, Bitso, and Luno are described as exhibiting multi-month decreases in held XRP. These asymmetric flows suggest that the reduction in on-exchange liquidity is not uniform and may be driven by a mix of institutionally led accumulation, custodial relocations, and local market dynamics.

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Market interpretation and participant commentary

A leading community commentator interpreted the pattern as more than routine rebalancing, arguing that the scale and timing of the redistribution point to coordinated accumulation ahead of broader market developments.

That commentary highlighted that on-chain indicators are frequently ahead of price reaction and framed the observed liquidity migration as a prelude to a larger structural shift in supply available to spot markets. Such assessments align with reporting that institutional treasury activity has influenced exchange inventories in recent months.

The November 29 exchange flow readout presents a clear picture: exchange-held XRP continues to fall, with concentrated accumulation by institutional entities and pronounced outflows at select venues.

Whether these movements presage significant price adjustments or reflect longer-term custody strategies will depend on subsequent flow and how readily the removed supply returns to active markets.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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