Binance led August XRP futures volume with $37B, followed by Bybit at $14.54B and OKX at $12.88B. XRP rebounded from $1.00-$1.05 to nearly $1.58 before pulling back, with $1.35-$1.39 now key
XRP futures trading volume reached its highest level in six months during August, according to CryptoQuant. Binance recorded about $37 billion, while Bybit and OKX posted $14.54 billion and $12.88 billion. Combined volume across the three exchanges exceeded $64.6 billion as XRP recovered from about $1.00 to $1.05.
The August figures placed Binance first among the exchanges covered by the data. Bybit followed with approximately $14.54 billion in XRP futures volume, while OKX recorded about $12.88 billion. Together, the three exchanges handled more than $64.6 billion during the month.
Source: CryptoQuant CryptoQuant said the increase followed a period of lower XRP futures trading activity. The rise also came as XRP posted stronger price performance during August. The token climbed from roughly $1.00-$1.05 to a late-August peak near $1.57-$1.58.
However, CryptoQuant noted that higher futures volume does not show whether traders favored long or short positions. Funding rates and open interest remain key measures for assessing the new derivatives activity.
XRP later pulled back to around $1.386, according to the provided market data. The price now sits slightly below the 50-day moving average, which is near $1.39. Meanwhile, the 200-day moving average is around $1.24 and continues to rise.
Source: Santiment The $1.35-$1.39 area forms the nearest support range in the provided technical levels. Above the current price, XRP faces resistance around $1.43-$1.45. The larger resistance area extends from approximately $1.51 to $1.58.
The late-August move also coincided with a sharp rise in Daily Active Addresses. Activity reached nearly 938,000 addresses before falling toward approximately 86,900.
The address count has cooled considerably from its August peak. Still, the latest reading accompanies the market data covering the futures increase. CryptoQuant said traders increased futures participation as they sought to trade XRP price movements and volatility.
However, volume alone cannot establish the market’s direction. The provided technical levels place $1.58 above the major resistance zone. A break above it would clear that area, while a move below $1.35 would expose $1.24.
