XRP price remains mostly flat today, trading around 2.60 dollars while most major cryptocurrencies like Ethereum and Solana are up between 5 and 7 percent. But according to a tweet from XRP supporter and software engineer Vincent Van Code, there may be more brewing beneath the surface.
Van Code pointed out that Binance currently holds only about 4 million XRP on its order books; a surprisingly small amount for one of the world’s largest exchanges. He explained that if someone wanted to buy 10 million XRP directly from the market, their purchase could push the price from 2.6 dollars all the way to 15 dollars because of the limited liquidity.
Large investors, or whales, typically avoid this kind of situation by buying through OTC (over-the-counter) desks or wholesale deals instead of exchanges. These transactions are designed to keep prices stable and avoid sudden spikes caused by draining the open market order books. But according to Van Code, even those OTC sources are now drying up as more institutions and long-term holders are locking away their XRP instead of selling.
On Binance there is only about 4M XRP on the order book. If you want to buy 10M XRP, you will start at 2.6 and end at $15.
— Vincent Van Code (@vincent_vancode) October 26, 2025
Big buyers use OTC and wholesale to buy XRP to avoid order book drains and price spikes.
What is happening now, is the supply on OTC and wholesale are…
This creates an interesting setup for XRP. When available supply shrinks while demand slowly builds, it often leads to sharp, sudden price movements once buyers start competing for liquidity. The problem is that this process can take time, especially when market sentiment remains uncertain.
The flat price action today indicates traders are waiting for a clear trigger (such as a confirmed ETF approval, new partnerships, or stronger institutional inflows) before taking aggressive positions. In the meantime, automated bots and market makers are managing liquidity just enough to prevent large price swings.
If Van Code’s analysis is accurate, XRP could be sitting on a compressed spring of sorts. The lack of easily available supply might not matter much during quiet trading periods, but once serious demand returns, it could cause outsized moves compared to other large-cap cryptocurrencies.
For now, though, XRP continues to lag behind peers like Solana and Ethereum, both of which have rallied strongly this week. Whether this calm represents a stable consolidation or quiet accumulation phase remains to be seen – but if the OTC and exchange supply continue to shrink, XRP’s next big move might arrive when traders least expect it.
Read also: Ripple Is Preparing a ‘Storm’: Why $27 XRP Price Target Looks Shallow
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