XRP outflow activity has shifted sharply toward large holders, with whale dominance across centralized exchanges reaching a record 77.8% on July 22, while retail dominance fell to its lowest recorded level at 22%.

The latest reading represents a major reversal from May 6, when whale dominance stood at 63% and retail participation reached 36%. Since then, the whale share has increased by 14.8 percentage points, while the retail share has declined by approximately 14 points.

A similar trend is visible on Binance.

XRP whale outflow dominance reached 71% on July 22, exceeding the 67% reading recorded on May 3. Meanwhile, retail dominance stood at 28.7%, down from its May 3 peak of 32%.

Whale dominance across all exchanges is currently 6.8 percentage points higher than on Binance alone, suggesting that the growing influence of large holders is a market-wide development rather than activity concentrated on a single platform.

Binance, however, continues to show a relatively larger retail share than the broader centralized-exchange market.

The gap between whales and retail has expanded to 55.8 percentage points across all exchanges and 42.3 points on Binance, highlighting an increasingly concentrated outflow structure.

These readings indicate that large XRP holders are now responsible for a significantly greater share of exchange outflow activity. However, outflow dominance measures the relative contribution of each investor group and does not, by itself, confirm the absolute volume, final destination, or investment purpose of the transferred XRP.

Written by Amr Taha