XRP Futures Volume Hits 6-Month High as ETF Inflow Streak Hits 8 Weeks

XRP (CRYPTO: XRP) futures trading volume hit a six-month high in August as spot ETFs have now logged eight straight weeks of positive inflows.

What the Futures Data Shows

According to CryptoQuant, XRP futures trading volume across major exchanges reached its highest level since February during August, with total volume across Binance, Bybit, and OKX alone hitting $64.6 billion for the month. 

Binance led with roughly $37 billion, followed by Bybit at $14.54 billion and OKX at $12.88 billion.

CryptoQuant noted that high futures volume does not automatically signal a rally since elevated activity can reflect both long and short positioning. 

Funding rates and open interest remain the key factors in determining which direction the new liquidity is actually pushing.

Ali Martinez posted on X that XRP has spent nearly a decade forming a massive ascending triangle on the monthly chart, with $3.66 as the critical resistance level. 

A monthly close above that level would confirm the breakout and activate a long-term technical target near $60. 

In a separate post Tuesday, Ali Martinez flagged a near-term descending triangle on the hourly chart with a clean break above $1.40 needed to trigger a rally toward $1.46.