XRP Futures Volume Soars to Six-Month High Amid Eight-Week ETF Inflow Streak

XRP futures trading volume reached its highest level since February this August, with major exchanges Binance, Bybit, and OKX contributing to the surge.

Total trading volume for XRP futures across these platforms was $64.6 billion, with Binance accounting for roughly 58% of that total at around $37 billion.

CryptoQuant noted that high trading volume does not necessarily signal a price rally, as it can reflect both long and short positions.

The funding rates and open interest remain crucial in determining the direction of new liquidity.