XRP Futures Volume Smashes Six-Month High

XRP futures volume has surged to its highest level in six months, reaching $11.37 billion on August 22, according to data from CryptoQuant.

This surge in activity follows a significant increase in large XRP exchange withdrawals, with 231 million XRP withdrawn over 48 hours. Verified CryptoQuant author Amr Taha noted that these large-transfer outflows rose from 54 million XRP on August 19 to 114 million XRP on August 20.

The four major exchanges, Bybit, OKX, Binance, and Bitget, handled the combined $11.37 billion in futures volume, with Binance recording $5.63 billion, Bybit reaching $2.35 billion, OKX following with $2.04 billion, and Bitget recording $1.35 billion.