A $10 Million XRP Purchase Could Send Prices to $15 — Analysts Warn of Shrinking Supply on Binance

• Analysts warn XRP liquidity on Binance and other exchanges is rapidly thinning.
• A $10 million market buy could push XRP’s price as high as $15.
• Shrinking OTC and exchange supply may signal an incoming XRP supply shock.

A growing discussion within the XRP community is raising concerns about tightening liquidity on major exchanges. Some suggest that a single $10 million market buy could send XRP’s price skyrocketing toward $15.

After spending several days in a consolidation zone, XRP recently bounced back above the $2.60 mark. But beneath the surface, a potential supply crunch might be brewing, and analysts believe it could trigger a dramatic price reaction if large-scale purchases occur.

Binance XRP Order Book “Dangerously Thin”?

Software engineer Vincent Van Code recently highlighted on social media that Binance reportedly holds only around four million XRP on its visible order book. Although this figure hasn’t been independently verified, it has stirred debate within the community due to Binance’s typically deep liquidity.

According to Van Code’s analysis, if a trader attempted to purchase 10 million XRP directly from Binance, the buy order could sweep through the available 4 million supply and rapidly push prices upward, potentially as high as $15 per token before the transaction is completed.

Related: Carl Moon Targets $2.90 XRP as Price Finally Breaks Out of Narrow Range

While this projection remains theoretical, it highlights the risk of low-exchange liquidity. Traders have also observed similar supply declines on Coinbase, further suggesting that XRP’s circulating availability on centralized platforms is tightening.

Beyond Exchanges: Why Dwindling OTC Supply Signals XRP Shock

Traditionally, large investors rely on over-the-counter (OTC) channels to accumulate or distribute XRP without causing abrupt price fluctuations. These private desks facilitate direct deals between buyers and sellers at negotiated prices.

However, Van Code noted that these private liquidity pools are also drying up. Many long-term holders reportedly prefer keeping their XRP positions intact, leaving fewer tokens for institutional buyers to acquire quietly.

He added that automated trading bots now help absorb smaller buy orders to stabilize prices, but even they can’t prevent a sharp rally if major demand hits a thin market. 

One community member described the situation as a “canary in the coal mine,” implying that dwindling OTC availability might be the first sign of an incoming supply shock.

Van Code agreed, suggesting that if whales can no longer secure multi-million XRP orders without causing price surges, the stage might be set for a powerful upward move.

Why Institutions Rely on OTC Channels for XRP

Some users questioned whether OTC deals give institutional traders an unfair edge. Van Code clarified that the practice isn’t manipulative. Instead, it’s a mechanism to avoid slippage and unnecessary volatility.

For instance, if a trader tried to dump five million XRP on the open market, the price could instantly collapse by 5–10%, costing the seller heavily. Instead, they negotiate through an OTC desk, where a buyer and seller agree on a rate near the current market price and pay a small facilitation fee.

Related: Whales Dump 70 Million XRP as Price Pumps to New Weekly Highs

Van Code concluded that this situation illustrates the challenges of thin order books, where reduced liquidity magnifies every large trade. Ironically, XRP’s own ecosystem was originally designed to prevent exactly this kind of market imbalance.

If current trends continue, the next big purchase might not just test XRP’s liquidity, it could redefine its price trajectory entirely.