XRPL activity rises as whale Binance inflows hit 3-year low

XRP traded near $1 while on-chain and exchange data showed mixed signals. The XRP Ledger logged about 49,929 active addresses over a 24-hour period, and the three-month average of large-holder inflows to Binance dropped to roughly $61 million, the lowest level since 2021. Derivatives open interest increased and monthly ETF inflows slowed.

The ledger’s active-address count of 49,929 is about 3% higher than a 48,453 reading recorded when XRP traded above $1.54 in May. Daily active addresses had fallen to 25,350 on July 10, a low point in 2026, before rising through late July and into August.

Stablecoin participation on the ledger expanded over the past month. Stablecoin holders increased about 37% to roughly 82,100, and stablecoin transfer volume rose 8.4% to $4.61 billion. At the same time, the market capitalization of stablecoins on the ledger declined about 6.8% to $906.8 million.

Tokenized real-world assets on the ledger showed uneven movement. The number of RWA holders grew 29% to 217, while 30-day transfer volume fell nearly 27% to $242.35 million. Distributed RWA value decreased 1.9% to $485.18 million and represented asset value slipped about 0.3% to $4.05 billion.

A validator known as Vet wrote that developers must “keep more of the activity that arrives during stronger crypto-market cycles rather than allowing those bursts to fade.” Development efforts on the ledger have focused on deeper liquidity, decentralized trading, consumer applications, stablecoins and tokenized assets.

Exchange flows shifted as well. The three-month average of whale inflows to Binance stood near $61 million, down from about $456 million in January 2025 and $355 million in October 2025. Net flows into Binance remained positive at roughly $18.8 million, indicating inflows still exceeded outflows.

Derivatives open interest, measured in XRP, rose over recent 30-day periods. Bybit recorded an increase of about 54 million XRP in open interest on Aug. 12, close to a 54.5 million rise seen on May 21. Binance added roughly 29.5 million XRP to open interest over the latest 30 days, bringing the combined increase across the two exchanges to about 83.5 million XRP. These position changes include both longs and shorts and reflect coin-denominated leverage rather than being driven by higher dollar prices.

Institutional spot demand via US-listed XRP ETFs slowed across recent months. ETF inflows were about $131.94 million in May, $59.46 million in June and $27.29 million in July. Through the first half of August the funds drew roughly $3.27 million, with $2.25 million arriving on Aug. 13. Since their launch, the ETF products have attracted approximately $1.51 billion in cumulative demand and held about $942 million in net assets as of Aug. 13.

The on-chain and exchange figures reported above summarize current activity: active addresses and certain user counts have increased while whale deposits to a major exchange have fallen, derivatives open interest has grown in coin terms, and monthly ETF inflows have declined in recent months.