BIS Paper Highlights XRP Usage Over Bitcoin and Ethereum
XRP (XRP)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that a BIS working paper on verifiable official statistics using blockchain technology mentions XRP 101 times, compared to Ethereum's 56 and Bitcoin's 14. The open-source project utilizes the XRP Ledger to provide tamper-proof receipts. This significant focus on XRP was highlighted in the outlet's coverage of the new research findings. The paper serves as a key example of blockchain technology being applied to official statistics.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 6 October 2026. Not the outlet's figures.
XRP is trading at $1.51 with a 24-hour spot volume of $149,790,145. The 1-hour buy ratio is 39.7%, indicating that sellers are currently dominating short-term trades, while the 4-hour buy ratio sits at 51.8%, showing a slight shift toward buyers over a longer timeframe. Volume delta reflects this shift, with a net outflow of -$426,886 in the last hour compared to a net inflow of +$730,467 over the past four hours. The cumulative volume delta for the 24-hour period is -$10,517,162, despite a positive CVD of +$6,641,002. This suggests that while aggressive buying occurred, it was largely absorbed by larger sell orders or market makers over the full day. Buying pressure appears to be fading in the immediate short term as the 1-hour ratio drops below the 4-hour average.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.4%, making today's 1-hour reading of 39.7% notably lower than the weekly norm. The 24-hour spot volume of $149,790,145 represents 0.73x the average daily volume, indicating significantly reduced trading activity compared to the weekly baseline. Net buying occurred on only 2 of the past 7 days, contrasting with the 16 hours of net buying recorded in the last 24 hours. The total volume delta for the week was -$27,613,584, showing a persistent outflow trend over the longer period. This day is unusual for its high concentration of buying hours relative to the week's sparse net buying days, despite the lower overall volume.