XRP Rebounds, but a 79% Drop in Binance Spot Turnover Tests the Move

By Isaac • October 12, 2026 7:19 am •

XRP’s latest rebound comes with one number that should keep traders from declaring victory too quickly: spot turnover on Binance fell almost 79% while the price recovered.

The move does not automatically mean the rebound is weak. It does mean the price action has not yet been backed by the kind of sustained spot participation that would make the recovery easier to trust.

CryptoSlate analyzed matched market data showing that XRP/USDT turnover on Binance dropped from 252.45 million USDT on October 8 to 120.39 million on October 9. It fell again to 54.12 million on October 10.

That is a 78.6% decline across the completed sessions. Over those same closing dates, XRP rose 1.6%, from 1.3805