Good or bad for Ripple price?

Exchange-related activity involving XRP has decreased significantly in recent months. What does this mean for the price of Ripple?

Along with Bitcoin, major altcoins showed a modest recovery as optimism about a possible ceasefire in the Iran conflict supported risk assets. XRP, for one, was up 4% on Tuesday.

However, the appreciation comes at a time when fewer XRP users are interacting with exchanges.

Market interest is cooling

On-chain analysis shared by CryptoQuant shows that the number of deposit and withdrawal transactions on major trading platforms has fallen to the lowest level since the indicator was introduced. The decline in activity comes after a sharp decline in the price of XRP, which is down more than 60% from its peak last summer. According to the analysis, the price correction was accompanied by a significant decrease in user engagement with cryptocurrency exchanges.

Observation is based on Multi Exchanges Daily Depositing/Returing Transactions Delta. This metric is designed to track the net number of XRP transfer transactions occurring on 15 leading crypto exchanges. Unlike traditional flow metrics that measure the total volume of assets between wallets and exchanges, this metric focuses specifically on transaction accounts.

As a result, it provides information on the number of users actively sending or withdrawing XRP, rather than simply measuring the number of tokens transferred.

In terms of market interpretation, an increase in values ​​in the metric generally indicates that more users are depositing XRP on exchanges than those withdrawing it. Such behavior may indicate potential selling pressure, as traders often move assets into the stock market in preparation for a sale.

On the other hand, declining values ​​typically mean that more participants are moving XRP back into private wallets, a trend often associated with hoarding or long-term holding strategies.

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Historical data shows that the last major increase in exchange deposits occurred in January 2025 when the price of the crypto asset approached $3. This increase was followed by strong outflow activity between May and June 2025, reflecting post-sale accumulation.

Payments ecosystem

The development comes as Ripple recently detailed several milestones related to its payments ecosystem. In a post on X, the company said that Ripple Payments has processed more than $100 billion in total transaction volume and is now active in more than 60 markets worldwide.

According to the update, the system is connected to 51 real-time rails. Ripple also noted that RLUSD reached a market capitalization of $1 billion in less than a year after launch. The company said the platform integrates fiat currencies and stablecoins while operating under more than 75 regulatory licenses across multiple jurisdictions.