Dark Defender Presents XRP Volume and Timeline In a Nutshell
XRP trading volume has collapsed to its lowest levels since before January 2018. That is not a minor statistical footnote. The chart covers nearly a decade of XRP’s history.
The chart maps monthly XRP volume against every major legal and product milestone in Ripple’s history. It shows exactly how traders responded to each one.
Volume Surged at the Worst Possible Time
XRP set its previous all-time high in January 2018. Volume was already elevated heading into that period. Ripple then launched ODL and xRapid in October 2018, a product milestone that coincided with a volume response visible on the chart.
December 2020 brought the SEC lawsuit, and the volume exploded. The chart shows that peak as the most active trading period in XRP’s recorded history, with the highest bars clustered through late 2020 and into early 2021.
Victory Brought Falling Volume
The volume dipped after these developments. The Hinman Documents were released in June 2023. Judge Torres ruled in July 2023 that XRP is not a security, and volume picked up briefly. The penalty ruling came in August 2024, with another small reaction. RLUSD, Ripple’s stablecoin, launched in December 2024. The lawsuit formally ended in August 2025, and the volume was already at very low levels.
Where Volume Stands Now
The current monthly volume sits at approximately 8.08 million. That figure places today’s activity below every monthly reading recorded before XRP’s January 2018 all-time high. Every product launch, every legal victory, every resolution produced a reaction. None of them reversed the volume trend.
Dark Defender asked a direct question about this condition: “Who is buying while they sleep?”
The Follow-Up Observation
September 2026 is month-to-date, so its bar is incomplete. He rather directed attention to July and August 2026. Both are full months. Both remain lower than any complete month recorded since 2017.
He then noted something specific about the current environment: “XRP has never been this quiet at such a high price.”
What the Chart Points To
The chart covers nearly a decade of XRP volume. Participation peaked at the worst legal moment and has declined through every positive development since. Volume is now at a historic low relative to price.
Dark Defender did not offer a price target, but XRP has faced criticism for its poor reaction to major developments, and this chart showing the long-term volume decline highlights that trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The United States implements import bans on some Canadian products. Which US stocks are affected?
The United States has imposed tariffs on certain Canadian products, making these U.S. stocks worth watching.
Jing Rui Wang Pu (JRWP.US) makes another attempt to list on Nasdaq, raising the fundraising amount significantly to $31 million.
JRWP.US resubmitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Tuesday.
Elisa expands Google partnership to provide connectivity for new Finland data centers
JPMorgan optimistic forecast: Strengthening yen may ease pressure on Japanese bonds, Japanese AI and semiconductor sectors expected to recover ahead of schedule
JPMorgan believes that a stronger yen is likely to ease the upward pressure on Japanese government bond yields, thereby boosting an early recovery for AI and semiconductor stocks listed in Tokyo.
Crypto prices
More
