XRP liquidity Index on Binance crashes to a 9-month low

The XRP liquidity situation on the Binance exchange has not had a pulse for 9 months as of April 3, 2026, following a major retreat in the first half of 2025.

The XRP 30-Day Liquidity Index – a metric that measures the depth of a traded instrument’s order book over a rolling 30-day window – on the largest cryptocurrency exchange globally, by registered user base and traded volume, has remained at its absolute floor of approximately 0.062 between July 2025 and the time of publication, according to metrics from analytics platform CryptoQuant.

Similarly, the XRP 30-Day Turnover – a metric that measures the total value of tokens traded on Binance over a rolling 30-day window – has hovered around $4.46 billion since July 2025 and has yet to recover. Essentially, both the XRP 30-Day Liquidity Index and the 30-Day Turnover have dropped by more than 98% from their peaks recorded between December 2024 and January 2025.

What’s next for XRP price amid low trading activity on Binance?

The extremely low trading volume of XRP on Binance over the past three consecutive quarters has exerted bearish pressure on the altcoin. Notably, the Binance whale exit was already well underway by mid-2025, as the altcoin’s liquidity had been declining since January 2025, such that by the time XRP’s price attempted to rally beyond $3.50 in mid-July 2025, the Binance whale exodus had largely been completed, resulting in a 65.6% multi-month correction to trade at approximately $1.31 at press time.

The XRP price could continue to decline amid negative sentiment in the near- to medium-term if Binance liquidity and trading activity do not recover.

As such, monitoring these tools is critical to understanding when one of the most desired altcoins among institutional investors could recover from its macro bear market.