XRP derivatives activity surged in August, with futures turnover reaching its highest level in six months. According to CryptoQuant data, the rebound was driven primarily by Binance, which recorded roughly $37 billion in XRP futures volume during the month. Bybit followed with about $14.54 billion, while OKX processed approximately $12.88 billion. Combined, the three exchanges handled more than $64.6 billion in XRP futures trades.
The August reading marked a sharp recovery from July, when activity was estimated at between $30 billion and $35 billion. Still, volume remained below February’s estimated $90 billion and far below the July 2025 peak of nearly $280 billion. Binance controlled about 57.4% of disclosed volume across the three leading platforms, followed by Bybit at roughly 22.6% and OKX at about 20%.
Spot trading also strengthened. Binance led spot markets with approximately $7.28 billion in XRP trades, followed by Upbit at $4.68 billion and Bithumb Korea at nearly $2.59 billion. Bybit, Gate.io, and KuCoin posted around $1.4 billion, $1.33 billion, and $1.23 billion, respectively, while Bitget and Coinbase each recorded just under $1 billion.
XRP’s price advanced nearly 30% during August, rising from about $1.06 at the start of the month to a high of $1.50 on August 24 before ending near $1.35. At press time, the token traded near $1.40, with analysts highlighting the $1.35–$1.40 zone as key support. A daily close below $1.35 could expose support near $1.27, while a move above $1.50–$1.54 could open the door toward $1.65 and $1.82.
Technical signals remain mixed. ChartNerd noted that XRP has remained below its 50-week WEMA for three consecutive weeks while the weekly Stoch RSI stays overbought. The 20-week WEMA at $1.29 is seen as support, and a sustained break below the 50-week level could trigger a deeper correction. Higher futures volume may improve liquidity and attract speculative interest, but open interest and funding rates still need to confirm that renewed derivatives activity is driving prices higher.
Institutional demand via XRP ETFs stayed positive for an eighth straight week, though the pace slowed. Funds attracted nearly $19 million in the latest period, down from the previous week’s $110 million inflow—the strongest weekly result of 2026. Daily flows were uneven: $5.64 million entered on August 31 and $14.38 million on September 1, before $7.2 million left the funds on Wednesday in the first daily outflow since August 5. Thursday added $6.14 million, while Friday saw no movement.
