XRP trading activity has weakened in recent weeks as falling market participation and continued ETF outflows signal declining investor demand.
Data from CoinGecko shows XRP’s weekly trading volume dropped 27.5% from $22.9 billion in late February to $16.6 billion recorded last week.
The slowdown comes as spot XRP exchange-traded funds posted their second consecutive week of net outflows, with about $28.07 million leaving funds in the week ending March 13 according to SoSoValue.
The weakening demand has intensified debate among holders after Ripple announced a $750 million share buyback, prompting some investors to call for a burn of escrowed XRP instead.
However, Ripple CTO Emeritus David Schwartz pointed to Stellar as an example showing that major supply reductions do not necessarily lead to higher prices.
Schwartz referenced Stellar’s 2019 decision to burn roughly half of its total token supply, noting the move did not produce a sustained price surge.
Despite Ripple continuing to pursue new licences and partnerships, XRP has largely tracked the broader cryptocurrency market, leaving investors waiting for a catalyst to revive momentum.
At the time of reporting, XRP price was $1.48.