XRP futures activity underwent a sharp reset after reaching its highest level shown in 2026, but the token’s price remained comparatively resilient. On August 26, seven-day average futures volume across Binance and all other centralized exchanges reached $6.94 billion. Binance accounted for $3.14 billion, while exchanges excluding Binance contributed $3.80 billion. The combined figure was about 4.2% above the previous February 6 peak of $6.66 billion. Binance’s activity exceeded its February high by 10.6%, while ex-Binance volume nearly matched its earlier peak. By September 1, Binance’s seven-day average volume had fallen to $1.32 billion and ex-Binance volume to $1.54 billion, reducing combined activity to $2.86 billion. The total decline from August 26 was 58.8%, with Binance down 58.0% and other exchanges down 59.5%. The closely aligned declines indicate that the cooling was market-wide rather than concentrated on one platform. XRP’s price fell only about 5% over the same period. Nearly $4.1 billion in seven-day average futures volume disappeared in less than a week, while XRP retained most of its price level. The data points to a rapid unwinding of speculative trading intensity without a comparable breakdown in price.