XRP has long been one of the most actively traded digital assets on Binance. At its peak, XRP’s daily trading volume exceeded $1 billion on the exchange.
That figure now sits at approximately $32 million. Software engineer and crypto commentator Vincent Van Code (@vincent_vancode) drew attention to this decline in a recent post.
The Binance trading data visible in his post shows XRP/USDT with a 24-hour volume of 30.21 million USDT at 1.1089, with a 24-hour high of 1.1167 and a low of 1.0955. The token was trading at A$1.58, up 0.74% on the day at the time of the post.
Wake up people. XRP volumes on Binance down from over $1BN a day to a mere $32M. pic.twitter.com/B1ouG5rT88
— Vincent Van Code (@vincent_vancode) July 27, 2026
The Scale of the Decline
A drop from over $1 billion to $32 million represents a reduction of roughly 97% in daily trading volume. Volume is one of the most closely watched indicators in any financial market.
It reflects the level of active participation from traders and institutions at a given price level. A sustained decline of this magnitude on one of the world’s largest crypto exchanges carries real significance for XRP trading.
It is worth noting that one community member raised the question of whether the comparison involves spot volume versus futures volume. Spot volume shows direct buying and selling of the asset. Futures volume shows derivative contracts. If the original figure included futures activity and the current figure reflects spot only, the comparison changes.
Context From Ripple’s Corporate Position
Van Code’s earlier post adds relevant context. He questioned whether Ripple’s board and shareholders would commit to large-scale acquisitions and XRP-related activity if they believed the project was heading toward failure.
The argument is that corporate behavior signals confidence. Ripple has continued expanding its business operations, which Van Code presents as evidence of institutional conviction in the project’s future.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Supply Data Adds Another Layer
The volume drop does not exist in isolation. Multiple reports this year show that XRP reserves on Binance have fallen to a low point. This supply dropped to about 2.5 billion tokens earlier this year, suggesting fewer holders are sending tokens to the exchange and instead keeping XRP in private wallets.
That pattern helps explain the declining volume. With fewer large holders moving tokens onto the exchange, the available XRP supply on Binance is gradually shrinking.
Lower supply on an exchange typically means less sell-side activity, contributing directly to lower trading volume. The 97% volume drop may reflect reduced selling pressure as much as reduced demand.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
