XRP Price Stagnant Despite Record Futures Volume and ETF Inflows
XRP has seen surging futures trading volume and steady spot ETF inflows in recent weeks, but its price has stalled. The cryptocurrency's futures trading volume reached a six-month high in August, with Binance leading the pack at $37 billion, followed by Bybit at approximately $14.54 billion, and OKX at around $12.88 billion.
The spot XRP ETF has also seen steady inflows over the past eight weeks, with data from Soso Value showing its highest weekly inflow of the year in the last week of August. This suggests a return of institutional demand for the asset class.
However, despite these positive indicators, XRP's price has not followed suit, leading some to speculate that retail traders taking profits may be behind the divergence between futures and spot prices.