XRP liquidity on the world's largest cryptocurrency exchange, Binance, has collapsed to near-historic lows, according to analysis from prominent crypto analyst Steph Is Crypto and data from CryptoQuant. The 30-day liquidity index for XRP on Binance has plunged to 0.097, a dramatic fall from levels frequently exceeding 3 during the 2022–2024 trading cycles.
The liquidity index, which measures trading depth and activity relative to circulating supply, indicates a severe structural contraction in market participation. Monthly trading turnover has collapsed from a peak of 180–240 billion XRP during the high-activity period to approximately 7.02 billion XRP over the past month. This represents a staggering decline in velocity and suggests far fewer participants are actively trading the asset on the platform.
Analysts warn that this "thinner order book" environment means that even moderately sized buy or sell orders could trigger faster and more pronounced price movements for XRP. Large buyers or sellers may now be able to move the price more quickly due to a lack of opposing orders near current market levels. The decline in liquidity began trending downward throughout 2025 and has now reached a critical low point.
Concurrently, XRP's price action reflects this weakening momentum. Trading near $1.41, the asset remains well below its key moving averages and is locked in a corrective structure following a rejection from the $3.30–$3.50 region. The $1.30–$1.35 zone now represents immediate support, with a breakdown potentially exposing the $1.00 psychological level.
