XRP’s Rally Faces a Reality Check as Spot Trading Activity Dries Up
📉 XRP spot trading volume has plummeted by nearly $1.943 billion from August 26 to October 11, with Binance alone accounting for a $429 million drop.
🔄 Futures trading is gaining momentum, now approximately 7.9 times higher than spot trading, as traders await better entry prices, reminiscent of mid-August trends.
💰 US-listed spot XRP ETFs have seen a record $1.8 billion in cumulative net inflows, maintaining a positive streak for 13 weeks, even amidst broader market struggles.
📉 XRP spot trading volume has plummeted by nearly $1.943 billion from August 26 to October 11, with Binance alone accounting for a $429 million drop.
🔄 Futures trading is gaining momentum, now approximately 7.9 times higher than spot trading, as traders await better entry prices, reminiscent of mid-August trends.
💰 US-listed spot XRP ETFs have seen a record $1.8 billion in cumulative net inflows, maintaining a positive streak for 13 weeks, even amidst broader market struggles.