Binance XRP Liquidity Hits 5-Year Low As ETF Demand Cools
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XRP(XRP) spot exchange-traded funds posted their first weekly outflow in three weeks, while liquidity on Binance thinned to a five-year low.
ETF Streak Breaks
The funds shed about $35,200 during the week ending May 1, ending three straight weeks of green flows, according to SoSoValue data.
That snaps a stretch in which the products pulled in roughly $82 million, with the week ending Apr. 17 alone delivering $55.39 million, the strongest weekly haul of 2026.
Cumulative net inflows still stand at $1.29 billion.
Weekly net assets slipped to $1.06 billion as the inflow tailwind faded. Bitwise's XRP fund led redemptions with $3.71 million pulled, while Canary's XRPC absorbed $2.2 million in fresh capital.
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Binance Depth Thins
CryptoQuant analysts reported that the 30-day XRP liquidity index on Binance has dropped to 0.038, the lowest reading since 2020. In thin conditions, even modest flows can swing prices sharply in either direction.
XRP traded near $1.41 at press time, suggesting the market has not yet absorbed the weakening depth.
XRP funds had run hot through April after a rocky start to 2026, with the month erasing March's $31.16 million outflow and ranking as the strongest of the year before this week's reversal closed the chapter.
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