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XRP trading volume drops 79% despite a slight price rise, with $40M in long positions liquidated.

Market News
12 Oct 2026
Coinpaper
View Source
Bearish
XRP trading volume drops 79% despite a slight price rise, with $40M in long positions liquidated.

XRP's trading volume on Binance fell sharply by 79% from October 8 to 10, dropping from $252.45 million to $54.12 million, even as its price recovered slightly by 1.6%. This volume decline followed a major liquidation event where over $40 million in leveraged long positions were forcibly closed across Binance, Bybit, and OKX. Despite some rebuilding of futures positions by October 11, spot market buying remains weak, raising questions about the sustainability of XRP's price recovery without stronger demand. The divergence between price and volume highlights cautious trader sentiment amid broader crypto market pressures.

XRP trades at Rp24,792 on Pluang with a slight 0.36% decrease as of Oct 12, 2026, 20:41 WIB. The platform shows a strong buy interest at 61% against 39% sell, indicating cautious optimism despite the recent volume crash reported. XRP's market cap stands at Rp1.564,34 trillion with a 24-hour trading volume of Rp30,99 trillion, reflecting ongoing active trading on Pluang.

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