XRP futures volume hits six-month high as Binance accounts favor longs

  • XRP futures activity reached its highest monthly level since February in August.
  • Binance processed about $37 billion of XRP futures during August.
  • CoinGlass showed Binance and OKX XRP account ratios at 2.29 and 2.47, respectively.

XRP futures activity reached its strongest monthly level since February in August, with Binance processing about $37 billion of contracts and total turnover across Binance, Bybit and OKX exceeding $64.6 billion. CoinMarketCap data cited in the report showed XRP gaining more than 36% over the preceding 30 days, extending renewed speculative interest after a quieter period for the token's derivatives market. A recent CoinGlass snapshot put XRP futures volume at about $3.50 billion over 24 hours, more than five times spot-market volume, while open interest stood near $3.12 billion. Binance accounted for roughly $879 million of XRP/USDT futures turnover in that snapshot. Long-to-short account ratios were about 2.29 on Binance and 2.47 on OKX, while Binance's top-trader account ratio was approximately 2.70. These account-based measures indicate a long skew but do not establish the size of traders' positions. XRP open interest on Binance had recovered to around $244 million by September 6 after a late-August drop, even as selling pressure persisted in perpetual futures and spot markets. Broader open interest had previously declined to roughly $3 billion, and market signals remained mixed despite higher activity, exchange withdrawals and positive US spot XRP ETF flows. US spot XRP ETFs recorded $18.96 million in net August inflows, lifting combined assets under management to $1.48 billion.

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