- XRP futures buying volume on Binance collapsed 95.7%, falling from $5.8 billion to $250 million.
- Estimated Leverage Ratio (ELR) drops to 0.18, signaling a complete washout of speculative longs.
- XRP has declined nearly 50% since its July 2025 peak as investors flee riskier altcoin assets.
XRP is facing a severe liquidity crisis as on-chain data reveals a massive exodus of speculative capital. Since peaking in July 2025, the asset has shed nearly 50% of its value, driven by the unwinding of highly leveraged positions and a total collapse in buyer interest on major exchanges.
CryptoQuant analyst highlighted the most alarming metric: XRP futures buying volume on Binance has plunged by 95.7% in just six months. The “Taker Buy Volume,” a key gauge of aggressive buying pressure, collapsed from a peak of over $5.8 billion in July to a meager $250 million today.
Source: CryptoQuant
Related: XRP Price Today Defends $1.90 Support as Bulls Fight to Break $2.00 Resistance
On-Chain Data Reflects a Bleak Period for XRP
Alongside the volume drop, the Estimated Leverage Ratio (ELR) for XRP on Binance indicates a continued decline to approximately 0.18. That reflects one of the lowest levels the digital asset has recorded during the current period, while it traded around $2.
The Interpretation
Structurally, this “de-leveraging” reduces market fragility; with fewer over-leveraged longs to liquidate, the risk of a flash crash diminishes. However, the analyst notes that this metric typically bottoms out only after volatility has completely washed out the market. The casino is effectively empty.
Risk-Off: Investors Abandon Altcoins
The data points to a broader shift in investor behavior. The liquidity dry-up isn’t isolated to XRP; it mirrors a wider pullback from riskier assets across the altcoin sector. As trading volumes shrink, capital appears to be rotating into safer havens or sitting on the sidelines.
XRP Price Action
After peaking above $5.8 billion in July, the metric has dropped significantly to around $250 million. According to the analyst, that is a collapse that illustrates the evaporation of buying pressure on XRP.
TradingView’s data shows that XRP traded for $1.90 at the time of writing.
Related: XRP Price Prediction: ETF Inflows Clash With Descending Trendline Pressure
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