Key Points:
- XRP payment volume fell 77% in 24 hours and reached its lowest level in seven days
- XRP trading activity weakened as the volume Z score dropped and liquidity declined on Binance
- XR decreased as the price approached 2025 highs, while open interest remained close to $200 million.
The volume of XRP payments has declined significantly in the short and long term, and recent data shows that transactions on the XRP Ledger have decreased sharply. Statistics from XRPSCAN indicate that the amount of money moving between accounts decreased by about 77% over 24 hours, and the network processed approximately 86 million transactions as of April 11.
XRP Payment Volume Decline in Activity
The data between May 2025 and February 2026 indicates that the volume of XRP payments has been on a steady downward trend. In the previous period, the number of transactions was higher, with more frequent spikes, indicating increased network activity. According to XRPSCAN, there are still some surges in transaction volume for XRP; however, they have not changed the general trend.
Source: XRPSCAN
Moreover, statistics reveal a decline in both the number and value of trades. Large transactions that once helped boost the transaction rate are now rare.
Market Metrics Reflect Reduced Participation
With the drop in XRP transaction volume, the decline in trading volume is evident in exchange figures. Based on data from CryptoQuant, the volume Z-Score for XRP is now at -1, which is one of the lowest levels seen since 2025. The current readings indicate that trade volume is much lower than average levels in previous years.
Source: CryptoQuant
According to Binance, XRP’s open interest has not exceeded $200 million since mid-February 2026. This bracket has not witnessed any growth, and therefore, there has been little leveraged trading. The absence of increased open interest implies that risky trading has not resurfaced recently.
XRP Price Decline Aligns With Lower Market Activity
The trend of XRP price was also consistent during this timeframe. The cryptocurrency fell to levels lower than those reached in 2025. It entered the lower levels due to low trading activity.XRP dropped from $3.6 to around $1.35 by early 2026. This represented an almost 63% fall from its previous peak. XRP saw a 11.54% drop in 2025 and another 26.81% in 2026.
As of press time, XRP is currently trading below those levels with the coin trading at $1.3309. This occurred in tandem with a decline in XRP’s payment volume, indicating fewer people were participating in its trading.
As the volumes fell, so did the volatility. This resulted in smaller price fluctuations for the digital currency. Such an environment indicates lower activity, and price variations are much smaller than during the previous stages of greater participation.
Open Interest Data Refers to Low Speculative Trading.
XRP open interest on Binance has been relatively stable yet subdued, ranging after mid-February 2026 between slightly above and slightly below 200 million. This shows that leveraged positions have not increased significantly over the observed period.
Open interest growth has been modest, indicating that speculative trading activity has also been held in check.
All these elements indicate a less engaged market environment. The price trend, without a major increase in leveraged positions, lacks strong momentum, reflecting the current state of activity in the XRP ecosystem.
Market Commentary Continues Despite Data Trends
Although the XRP payment volume and trading indicators reveal a downward trend in activities, there has been ongoing discussion about the asset in the public.
XRP Ledger dUN, in an X post, stated that the long-term expectations were not lost in the present circumstances. The quote focused on remaining hopeful about the future.The post drew strong replies from Market observers, with some users citing significantly higher valuations, including $50,000 to $100,000. These projections were presented alongside claims about potential future use cases.
