XRP's market depth has shifted meaningfully in 2026, with new data from CoinGecko showing that buy-side liquidity now exceeds sell-side liquidity across eight major exchanges. Within a ±2% price range, the order books hold roughly $18 million in bids compared with about $14 million in asks, creating a clear buy-side skew that was not present in 2025.
The exchanges tracked include Binance, Bitget, Bybit, Coinbase, Crypto.com, Kraken, MEXC, and OKX. Liquidity is now building more heavily below the current market price than above it, meaning more capital is positioned to buy XRP on dips than to sell into upward moves. CoinGecko noted that the total depth remains relatively unchanged from 2025 at approximately $30 million, so the shift is primarily a change in where liquidity sits rather than an overall expansion.
Binance remains among the deepest venues close to spot price, while Coinbase becomes more competitive at slightly wider price deviations. Bybit and Kraken appear thinner immediately around the market price, with less than $100,000 in liquidity at the tightest deviation level, although depth improves further away from spot. The distribution of liquidity across multiple venues reduces dependence on any single exchange.
Despite the improved buy-side structure, XRP still trails Solana in cumulative liquidity across the same exchanges, even though XRP has a larger market capitalization. The key takeaway is that buyers are now showing more willingness to absorb supply under the market, which could help cushion volatility, but it does not guarantee a price advance.
