XRP futures trading had a much busier August as volume climbed to its highest level in six months. This marked the strongest activity since February, according to data shared by CryptoQuant.
The jump was not limited to one exchange.
August Volume Surges
Activity increased across some of the biggest names in crypto, which brought more liquidity and interest back into the XRP derivatives market. CryptoQuant found that Binance dominated the market. The exchange recorded roughly $37 billion in XRP futures volume during August. Bybit was a distant second at around $14.54 billion, followed by OKX at approximately $12.88 billion.
These three exchanges alone handled more than $64.6 billion worth of XRP futures trades during the month.
The change is especially noticeable as XRP futures activity had been running at lower levels, but August brought traders back in a much bigger way. The stronger price action around the crypto asset likely played a role here. It climbed nearly 30%, rising from $1.06 at the start of the month to a high of $1.50 on August 24 before ending at $1.35.
Alongside futures, spot trading volume also reached its highest level since February. Binance, as usual, accounted for the biggest share, posting around $7.28 billion in XRP trades. Next up was Upbit with $4.68 billion, while Bithumb Korea posted nearly $2.59 billion. Bybit, Gate.io, and KuCoin trailed with roughly $1.4 billion, $1.33 billion, and $1.23 billion, respectively. Bitget and Coinbase each came in just below the $1 billion mark.
However, the technical picture is less convincing. Crypto analyst ChartNerd noted that XRP has stayed below its 50-week WEMA for three straight weeks, while the weekly Stoch RSI remains overbought. The 20-week WEMA at $1.29 is now the support level. A continued break below the 50 could lead to a deeper correction.
Weekly Slowdown
On the institutional front, the XRP ETF market remained positive for another week, but the pace of inflows clearly slowed. The funds attracted nearly $19 million over the latest period, and extended their winning streak to eight consecutive weeks.
That result was a sharp step down from the previous week, when inflows topped $110 million and were the strongest weekly performance of 2026.
After $5.64 million entered the funds on August 31, inflows jumped to $14.38 million on September 1. The momentum then broke on Wednesday, when investors pulled $7.2 million from the products. It was the first day of net outflows since August 5. Thursday brought some relief as another $6.14 million flowed into the funds. Friday, however, produced no movement at all.
The post XRP Futures Just Posted Their Biggest Month in 6 Months: Here’s What Changed appeared first on CryptoPotato.
Source: https://cryptopotato.com/xrp-futures-just-posted-their-biggest-month-in-6-months-heres-what-changed/
