XRP Futures Volume Surges to Six-Month High Amid Large Withdrawals

XRP's futures trading volume has hit a six-month high of $11.37 billion on August 22nd, according to Cryptoquant data.

This surge in activity coincided with large XRP withdrawals from exchanges, which increased by 4.3x in just 48 hours between August 19th and 21st.

The largest exchange, Binance, led the futures trading volume with $5.63 billion, followed by Bybit, OKX, and Bitget with $2.35 billion, $2.04 billion, and $1.35 billion respectively.

XRP's Spot ETFs have seen significant growth, with total net assets reaching $1.44 billion and daily inflows hitting $13.82 million.