XRP futures volume hits $64.6B in August, a six-month high

Derivatives traders piled back into XRP during August at the fastest clip in half a year. Binance alone cleared roughly $37 billion in XRP futures contracts, and combined volume across Binance, Bybit, and OKX topped $64.6 billion for the month, according to CryptoQuant data.

CryptoQuant contributor Arab Chain highlighted the acceleration, noting participation increased across several major exchanges rather than being isolated to one venue. Bybit recorded approximately $14.54 billion in XRP futures volume during the month, while OKX posted about $12.88 billion, the analytics platform found.

The derivatives pickup accompanied a near-30 percent rally in XRP's price, which rose from $1.06 at the start of August to a high of $1.50 on Aug. 24 before settling at $1.35. Spot trading also rebounded to its highest level since February, with Binance leading at roughly $7.28 billion, followed by Upbit at $4.68 billion and Bithumb Korea at $2.59 billion. Bybit, Gate.io, and KuCoin each recorded between $1.2 billion and $1.4 billion in XRP spot volume, while Bitget and Coinbase came in just below the $1 billion mark.

The activity surge extended beyond exchange data. XRPL active addresses jumped 659 percent, and exchange outflows reached a six-month high, pointing to increased network participation on the XRP Ledger. Institutional flows, however, show signs of cooling. XRP exchange-traded funds attracted nearly $19 million in the latest week, extending an eight-week inflow streak but marking a sharp step down from the prior week's $110 million — the strongest weekly performance of 2026. Cumulative net inflows since launch stand at roughly $1.68 billion, according to fund flow data.

The ETF flow trajectory turned choppy late in the period. After $5.64 million entered the funds on Aug. 31, inflows jumped to $14.38 million on Sept. 1 before investors pulled $7.2 million on Wednesday — the first day of net outflows since Aug. 5. Thursday brought $6.14 million back in, while Friday produced no movement at all.

Technical signals remain mixed. XRP has traded below its 50-week WEMA for three consecutive weeks while the weekly Stoch RSI sits in overbought territory, according to analyst ChartNerd. The 20-week WEMA at $1.29 now serves as key support, with a sustained break below that level potentially opening a deeper correction.

XRP was trading near $1.41 at the time of writing, within a broader $1.30-$1.50 range. A decisive break above $1.50 with sustained volume could put $1.60 and then $1.79 on the radar, while losing $1.30 would expose the low $1.20s. The cooling ETF flows make near-term price action a key test of whether underlying demand remains intact.

This article is for informational purposes only and does not constitute investment advice.