Ripple’s XRP is under pressure. Liquidity on Binance has fallen, and retail fear is near a two-year high. The market mood is dull, but a relief rally may happen… if liquidity returns.

Binance XRP liquidity index drops to 0.053 

XRP’s market depth on Binance has taken a hit; the exchange’s 30-day liquidity index has gone down to roughly 0.053. This is the lowest reading since 2021.

Meanwhile, 30-day turnover is down to about 3.77 billion XRP, and it’s one of the weakest levels seen recently. XRP is well below mid-2025 levels, while both price action and turnover have stayed weak.

Given that less liquidity is moving through the market, traders now have a much more cautious trading environment. It seems like market participants would rather wait than take a new position.

Fear is at a two-year high

As it stands, social sentiment around XRP is also negative. Santiment’s weekly data showed that FUD is now at its third-highest level in the past two years, following a roughly 63% decline over the last nine months.

At the time of writing, XRP saw just 1.02 bullish comments for every 1 bearish comment, which is close to an even split. However, that’s fading fast.

But why does this matter? In February 2025, when the ratio slipped to 0.96:1, XRP came back strongly afterward. A similar situation happened in October 2025 at 1.01:1.

This doesn’t guarantee another rally. But when retail sentiment gets this weak, XRP has often moved against the crowd.

XRP holds near $1.37