XRP Taker-Buy Volume Exceeds $184 Million on Binance as Price Falls

XRP’s decline below $1.30 coincided with more than $184 million in Binance perpetual-swap taker buys over several hours. The figure measures executed derivatives trades, not cash deposits or net long positions.

One Binance hourly period exceeded $73 million in taker-buy volume, compared with $1 million on Bybit and $451,000 on OKX. Several other Binance hourly periods topped $35 million. The total accumulated over several hours rather than in a single hour, combining activity across multiple intervals.

Taker-buy volume measures the dollar value of buy orders filled by takers in perpetual swaps. It describes derivatives trading that took place, not cash deposited on an exchange. It also does not establish how much net long exposure traders held after the trades. The measure alone cannot show whether positions remained open or how buying balanced against selling.

XRP reached $1.65 on Sept. 23 and subsequently fell as much as 22.5%, taking it below $1.30. XRP also rebounded roughly 5%.

Darkfost described the activity as “highly speculative, short-term capital inflows.” The metric counts executed perpetual-swap orders and does not confirm that the volume represented cash entering Binance or lasting positions.

Separate U.S. inflation data released that week showed September’s Consumer Price Index (CPI) rose 0.6% from August and 3.7% over 12 months. The CPI figures were released Wednesday, Oct. 14. Final-demand prices in the Producer Price Index (PPI) rose 1.3% in September and 6.3% over the 12 months through September; those figures were released Thursday, Oct. 15. The inflation figures do not establish why XRP fell or rebounded.