Key Takeaways
XRP has fallen beneath the critical $1 psychological threshold, currently hovering around $0.9942.
Large-scale transactions exceeding $1 million jumped 280%, with over 38 significant transfers logged within a 24-hour window.
Open interest for XRP on Binance reached its highest level in two months, indicating heightened derivatives market participation.
Trading volume in the derivatives sector climbed 12.48% to $1.55 billion, while futures open interest experienced a modest decline.
A recovery scenario requires XRP to regain the $1 mark and push through $1.02 resistance.
XRP experienced a decline below the crucial $1 threshold on Tuesday, with prices settling near $0.9942. The asset ranked among the poorest performers in the major cryptocurrency space across both 24-hour and seven-day timeframes.
Contrary to the bearish price movement, large holder activity on the XRP Ledger experienced a dramatic uptick. High-value transactions surpassing the $1 million threshold skyrocketed 280% during a single day, with blockchain data capturing more than 38 substantial transfers.
Digital asset analyst Ali Charts (@alicharts) highlighted this development on social platforms, stating: “$XRP WHALES ARE BACK! Whale activity on the XRP Ledger has exploded over the past 24 hours. The number of transactions exceeding $1 million has surged 280%, climbing to more than 38 large transactions.” The observation underscored the disconnect between downward price action and elevated large-wallet movements.
$XRP WHALES ARE BACK!
Whale activity on the XRP Ledger has exploded over the past 24 hours.
The number of transactions exceeding $1 million has surged 280%, climbing to more than 38 large transactions. https://t.co/70eHTdeG8a pic.twitter.com/FDEdYzqGl5
— Ali Charts (@alicharts) August 18, 2026
However, it’s important to recognize that substantial transactions don’t necessarily indicate accumulation. Such transfers may reflect exchange-related movements, inter-wallet repositioning, or custodial operations.
Derivatives Market Shows Mixed Signals
Activity in XRP’s derivatives ecosystem presented a nuanced picture. Overall trading volume expanded by 12.48%, reaching $1.55 billion during the most recent trading session. Options volume experienced a notable surge of 58.25%, climbing to $883,790.
Conversely, futures open interest contracted by 0.69%, settling at 2.75 billion. This decline suggests traders reduced their leveraged exposure despite broader market engagement increasing.
XRP Open Interest Hits Two-Month High on Binance
“The current rise in open interest reflects increased participation and speculation in the XRP derivatives market, making the upcoming price movement more significant.” – By @ArabxChain pic.twitter.com/0eDHoxtEjj
— CryptoQuant.com (@cryptoquant_com) August 18, 2026
Meanwhile, XRP’s open interest specifically on Binance climbed to its highest level in a two-month span. Analytics from @cryptoquant_com indicated that this elevation reflects growing position-building in anticipation of possible price swings.
Critical Technical Zones Under Scrutiny
Technical indicators present a mixed outlook. The Relative Strength Index currently registers at 43.46, positioned below the neutral threshold of 50. The Chaikin Money Flow reads 0.06, a marginally positive figure indicating limited but continued capital inflow.
For XRP to validate a bullish reversal, recapturing the $1 level represents the immediate challenge. Successfully breaking above the $1.02 resistance zone could propel prices toward $1.05, which previously served as a support area.
Should XRP remain trapped below $1, the next meaningful support emerges at $0.97. A breach of that floor would likely accelerate the existing bearish momentum.
Market commentator Ash Crypto (@AshCrypto) observed that XRP recently registered its weakest weekly close in approximately two years, prompting speculation about whether a market bottom might be forming.
$XRP just hit its lowest weekly close again in nearly 2 years.
Is XRP finally forming a bottom? pic.twitter.com/5xDF9afLSh
— Ash Crypto (@AshCrypto) August 18, 2026
The overall cryptocurrency market capitalization increased 0.79% to $2.19 trillion on Tuesday. Bitcoin maintained its position above $64,300.
The post XRP (XRP) Price Alert: Binance Futures Activity Reaches Highest Point in Two Months appeared first on Blockonomi.
