XRP exchange withdrawals outnumber deposits ahead of Fed decision, but Sharpe ratio hits 4-month low

26 Oct 2026

26 Oct 2026, 14:22 UTC+01:00

Altcoins TradeReviewed News Desk

XRP is sending mixed signals two days before the Federal Reserve’s October 28 rate decision. On-chain data shows more XRP transfers leaving exchanges than arriving, but the token’s risk-adjusted returns on Binance have dropped to their weakest in four months, according to BeInCrypto, citing CryptoQuant analysts.

XRP exchange withdrawals near August levels

Analyst Amr Taha reported that withdrawals made up 55.75% of Binance’s seven-day XRP deposit and withdrawal transactions on October 25. Across all centralized exchanges the withdrawal share was 54.85%. Both readings are within one percentage point of their August 18 levels.

The metric counts transactions, not XRP volume, so a withdrawal-heavy mix means more transfers leaving exchanges, not necessarily more tokens. Binance’s seven-day whale-versus-retail outflow spread read 49.5% on October 26, compared with 29.7% across all exchanges.

Value data complicates the picture. Large holders recently sent about $112.4 million worth of XRP to Binance, the most in seven months, which suggests big players are active in both directions.

Sharpe-like ratio at a four-month low

Binance’s XRP Sharpe-like ratio fell to about -0.2641, its lowest level in four months, per CryptoQuant contributor Arab Chain, who said the decline points to worsening risk-adjusted returns. XRP traded at $1.29, down 1.68% over 24 hours at the time of the report.

The Fed is the next test

The Fed raised rates by 25 basis points in September. CME FedWatch prices a 90.6% chance of a hold at 3.75% to 4.00% on October 28 and a 79.7% chance of a hike in December. With a pause largely priced in, guidance about December may matter more for risk assets like XRP than the decision itself.

What it means for traders

• Do not over-read one metric: transaction counts cannot confirm that supply is leaving exchanges, and a weak Sharpe ratio does not by itself forecast direction.
• Event risk: expect higher volatility around the Fed statement and press conference on October 28.
• Where to trade XRP: see our exchange comparison, the BingX review and the OKX review.

This article is for information only and is not financial advice.

Related reviews

• Bingx review
• Okx review

Sources

• BeInCrypto: Are XRP Holders Quietly Accumulating Before the Fed? The Data Is Mixed

News is for information only and is not financial advice. More crypto news