XRP trading activity on Binance has dropped to its lowest level since early 2025, data show. The slump, recorded in April 2026, marks a significant decline for one of the most traded cryptocurrencies on the world's largest exchange.
The Scale of the Decline
The contraction is measured against daily volumes that peaked in the first quarter of last year. Since then, interest in the token has cooled. While exact figures weren't disclosed by Binance, market tracking firms report that XRP now accounts for a much smaller slice of the exchange's total spot trading flow than it did 15 months ago.
What the Data Shows
Blockchain analytics platforms that monitor exchange order books confirm the trend. Daily XRP-BTC and XRP-USDT pairs on Binance are seeing fewer fills and wider spreads than at any point since early 2025. The drop comes even as overall crypto trading volumes have stabilized after a volatile start to the year.
A Broader Shift in Trading Patterns?
Traders have rotated capital into other assets recently, including stablecoins and newer altcoins that launched in late 2025. Binance's own listings have shifted focus toward tokenized real-world assets and meme coins, which may have drawn liquidity away from older tokens like XRP. The exchange itself has not commented on the decline.
Volume isn't the only metric turning south. Open interest in XRP futures on Binance has also fallen, suggesting leveraged traders are pulling back. The token's price has held relatively steady, hovering around $0.45 for most of April, but the thin order books mean large buy or sell orders can move the market more easily.
What Comes Next
The next set of weekly volume data from Binance will show whether the lull deepens or stabilizes. For now, XRP sits at a low point that hasn't been seen in over a year. Whether traders return or move on remains an open question — one that the exchange's order books will answer in the coming weeks.
