🚨 Binance’s monthly volume hits $7.28 billion! XRP spot trading volume reaches a 6-month high. Is big money quietly entering?
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👀 Event in one sentence: CryptoQuant data shows that XRP’s spot trading volume in August hit a 6-month high, with Binance leading at about $7.28 billion, and trading activity returning to its highest level since February this year.
📊 Numbers made concrete: XRP’s price rose from $0.987 to around $1.700 in August, with the biggest weekly gain reaching 72%, before giving back about 21%; recently it rebounded from $1.3098 to around $1.4835, a rebound of about 13%; Binance’s XRP reserves fell by about 500 million tokens in the same period, slipping to their lowest level since 2024.
🔥 The logic behind the numbers is simple — volume leads price. The spot volume hitting a 6-month high means market participation has returned; more importantly, exchange reserves continue to decline, meaning tokens are flowing from exchanges to long-term holders and spot ETF demand, and the less sellable supply there is, the more sensitive prices become to buy orders.
💡 What really matters is not the $7.28 billion monthly trading volume, but the combined signal of declining reserves + ETF accumulation: Elliott Wave analyst XForceGlobal believes the correction is nearing its end. If the trend continues, the first target is $2, with a medium-term target in the $3 to $4 range.
⚠️ A dose of reality: record trading volume does not equal a one-way rise, and heavy volume at high levels can also signal distribution; XRP has already pulled back more than 20% from its high, and if support around $1.31 is broken, the rebound structure could be invalidated; analyst target prices are just model projections, not guarantees.
👀 What do you think this surge in XRP volume means — the start of a new rally, or another round of high-level rotation? Let’s chat in the comments👇
Click the avatar to watch the live stream + join the 玖玖 chat group to get daily strategies 🚀
#xrp #Ripple #XRP
Group: 点击进入玖玖的粉丝群
👀 Event in one sentence: CryptoQuant data shows that XRP’s spot trading volume in August hit a 6-month high, with Binance leading at about $7.28 billion, and trading activity returning to its highest level since February this year.
📊 Numbers made concrete: XRP’s price rose from $0.987 to around $1.700 in August, with the biggest weekly gain reaching 72%, before giving back about 21%; recently it rebounded from $1.3098 to around $1.4835, a rebound of about 13%; Binance’s XRP reserves fell by about 500 million tokens in the same period, slipping to their lowest level since 2024.
🔥 The logic behind the numbers is simple — volume leads price. The spot volume hitting a 6-month high means market participation has returned; more importantly, exchange reserves continue to decline, meaning tokens are flowing from exchanges to long-term holders and spot ETF demand, and the less sellable supply there is, the more sensitive prices become to buy orders.
💡 What really matters is not the $7.28 billion monthly trading volume, but the combined signal of declining reserves + ETF accumulation: Elliott Wave analyst XForceGlobal believes the correction is nearing its end. If the trend continues, the first target is $2, with a medium-term target in the $3 to $4 range.
⚠️ A dose of reality: record trading volume does not equal a one-way rise, and heavy volume at high levels can also signal distribution; XRP has already pulled back more than 20% from its high, and if support around $1.31 is broken, the rebound structure could be invalidated; analyst target prices are just model projections, not guarantees.
👀 What do you think this surge in XRP volume means — the start of a new rally, or another round of high-level rotation? Let’s chat in the comments👇
Click the avatar to watch the live stream + join the 玖玖 chat group to get daily strategies 🚀
#xrp #Ripple #XRP
