Crypto News
XRP spot trading volume on Binance hit $7.28 billion in August, the highest monthly figure since February, with Upbit and Bithumb adding roughly $4.68 billion and $2.59 billion respectively. The token trades around $1.40 to $1.45 after rebounding from the low $1.30s earlier in the week, and CryptoQuant contributor Arab Chain flagged the multi-venue acceleration as participation broadening rather than rotating from a single venue.
Why it matters
Volume concentrating on one exchange is a wash-trade smell; volume rising in parallel across Binance, Upbit, and Bithumb is harder to manufacture. The diversification suggests both retail flow and regional flow are participating in the move rather than one bot cycle driving the print. In the same window, exchange outflows hit a six-month high and XRPL active addresses reportedly jumped 659%, stacking two independent demand signals on the same side of the tape.
Market impact
Institutional demand gave the rally its most durable leg, but the freshest print there is softer. US spot XRP ETFs ran 11 straight sessions of net inflows totaling roughly $170 million before Wednesday's $7.2 million outflow broke the streak. Cumulative inflows since launch still sit near $1.68 billion, so the reversal trimmed less than half a percent of the buildup. The weekend setup is a $1.30 to $1.50 range: $1.30 to $1.32 is the support buyers defended this week, $1.45 to $1.50 is the cap. A clean close above $1.50 with sustained volume opens $1.60 and then $1.79; a loss of $1.30 exposes the low $1.20s.
Frequently asked questions
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Why is a six-month high in XRP spot volume significant?
Volume rising in parallel across Binance, Upbit, and Bithumb is harder to manufacture than a spike on a single venue. CryptoQuant contributor Arab Chain flagged the multi-venue surge as participation broadening rather than a concentrated print.
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How much XRP volume did major exchanges record in August?
Binance logged $7.28 billion in XRP spot volume in August, the highest since February. Upbit and Bithumb added approximately $4.68 billion and $2.59 billion respectively.
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What happened with US spot XRP ETFs this week?
US spot XRP ETFs recorded 11 consecutive sessions of net inflows totaling roughly $170 million before Wednesday's $7.2 million outflow ended the streak. Cumulative net inflows since launch remain around $1.68 billion.
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What are XRP's key support and resistance levels right now?
Support sits in the $1.30 to $1.32 zone where buyers stepped in during the latest selloff. Resistance between $1.45 and $1.50 continues to cap the recovery, with a decisive break above $1.50 needed for the bullish case.
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What on-chain signals back the XRP rally?
Exchange outflows hit a six-month high in the same window and XRPL active addresses reportedly jumped 659%. Both point to broader network activity and stronger demand, though price confirmation is still required.
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