XRP Full Day Trading Analysis On Binance

Vincent Van Code, a software engineer and data analyst active in the cryptocurrency space, has released a detailed breakdown of daily trading activity for the XRP/USDT pair on Binance.

Vincent’s post, which includes two graphics illustrating trade categorization and volume distribution by price point, offers a technical perspective on how XRP is currently traded on one of the world’s largest crypto exchanges. Van Code promised that such analysis would be shared regularly during weekdays.

Small Trade Volume Dominates, Signaling Algorithmic Activity

According to the analysis, most trades fall into the “small” category, ranging from 1 to 10 XRP. This category recorded approximately 1.68 million individual trades and accounted for 5.34 million XRP in total volume, translating to about $11.17 million in notional value.

In contrast, significantly fewer trades occurred in the “tiny,” “medium,” “large,” and “whale” categories, with large trades (100–1000 XRP) and whale trades (>1000 XRP) representing far more significant portions of total XRP volume despite their relatively lower trade counts. Notably, whales accounted for 154.33 million XRP traded across 65,585 transactions, totaling $322.67 million in notional value.

Van Code pointed out that the dominance of small trades is a clear indicator of automated trading activity. “As always, the majority of the trade volumes are small trade, indicating substantial bot activity,” he wrote. This phenomenon, according to him, plays a significant role in shaping market dynamics and contributes to the illusion of continuous, diverse trading when, in reality, much of the activity is driven by automated systems.

Volume Distribution Shows Key Trading Clusters

The second chart focuses on price distribution, showing how XRP volume was distributed across various price points throughout the trading day. The histogram reveals key clusters of trading activity around the $2.06, $2.10, and $2.14 price levels.

These areas reflect concentrated buy and sell actions and are viewed by Van Code as indicators of support and resistance levels. “Below 2.04 there is little trading, and above 2.14 not much,” he noted, suggesting that the active trading range currently lies between these two thresholds. The rest of the price movement outside these bounds, he believes, is largely “noise generated by bots and manipulation.”

Market Transparency Beyond Standard Exchange Views

Van Code emphasized the value of this type of data visualization, which is typically inaccessible through standard Binance interfaces. By extracting and plotting the pricing histogram, he allows traders and enthusiasts to gain a more granular understanding of where meaningful activity occurs, beyond what typical candlestick or order book views might suggest.

Community Reaction and Continued Insights

Responding to the thread, X user Jim Beeston praised the analysis and echoed Van Code’s conclusions. “My take on this, trading on Binance is heavily influenced by bots, with small trades dominating the volume,” he said. Beeston characterized this environment as manipulative, arguing that it obscures genuine market trends. Nevertheless, he affirmed his personal strategy, stating, “This doesn’t bother me, I shall continue to accumulate.”

Van Code closed his thread with a promise to continue delivering this form of analysis regularly, pledging to keep it freely available for the community. He also noted his intention to focus on producing useful data rather than engaging in online disputes, aiming to provide a clearer look into XRP’s trading behavior for those interested in navigating an increasingly algorithm-driven exchange environment.

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 urged to do in-depth 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.

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