Binance XRP (XRP) Spot Volume Hits $7.28B in August, Highest Since February

Binance Volume Powers Six-Month High

XRP (XRP) is holding near $1.42 on Sunday after a volatile week that dragged the token into the low $1.30s, and the recovery toward $1.45 is arriving with the strongest spot trading activity the asset has seen in six months. Binance, the world's largest exchange by spot turnover, processed $7.28 billion in XRP spot volume during August — its biggest monthly total since February — while Korea's Upbit and Bithumb logged approximately $4.68 billion and $2.59 billion respectively over the same window. On-chain analyst Arab Chain highlighted the acceleration as the price recovered toward $1.45, noting that participation broadened across several major venues rather than concentrating on a single order book — a breadth that points to genuine demand rather than isolated market-maker churn. For context on the asset itself, our Ripple's XRP explainer breaks down how the settlement asset moves value across the ledger's payment corridors. The rebound also tracked a broader altcoin-market recovery, with major peers stabilizing after last week's sell-off. The institutional side is more mixed: United States spot XRP ETFs stacked 11 consecutive sessions of inflows totaling roughly $170 million before the streak snapped on Wednesday with $7.2 million in net outflows. Cumulative net inflows still stand near $1.68 billion since launch, so a single-session reversal barely dents the larger capital trend. Beneath the surface, exchange outflows reached a six-month high and active addresses on the XRP Ledger jumped 659%, just as the XRPL fixCleanup3_3_0 upgrade heads toward its Sept. 11 activation. Neither figure alone proves accumulation, but together they describe rising throughput on both the trading and settlement layers, as our rolling XRP price analysis coverage has tracked through the token's climb back into the upper half of its $1.30-$1.50 range.

$1.45-$1.54 Supply Zone Caps the Rebound

The technical picture explains why the volume surge has yet to produce a decisive breakout. August's impulsive rally from the $0.94-$0.97 support zone broke the prior descending structure and carried the price to roughly $1.70, but the follow-through failed, and XRP has since been unable to establish itself above the $1.45-$1.54 resistance band. Sunday's price sits just beneath that supply. More structurally significant is the long-term moving average near $1.27, which has flattened after previously trending lower; as long as that level holds, the recent weakness reads as consolidation inside a developing bull-market structure rather than a trend reversal. A daily close above $1.45-$1.54 would strengthen the bullish case and put the $1.70 high back in focus, while losing $1.27 would substantially weaken the setup and open a deeper retracement toward $1.15. The 4-hour chart adds a second layer of compression: a descending channel has contained price since the initial surge, and its upper boundary is now converging with the $1.45-$1.54 zone. The latest rebound from around $1.34 lifted the token back to $1.42, placing it directly beneath that descending resistance — a breakout above the trendline, confirmed by a reclaim of $1.45, would signal the corrective phase is ending, with $1.50-$1.54 as the next hurdle. Another rejection would preserve the channel and likely send the price back toward $1.34-$1.38, where the channel's lower boundary approaches the $1.27-$1.30 support confluence. The repeated rejections at the channel's upper edge show sellers still defending the supply zone, even as higher lows since the $1.34 test hint at building pressure beneath the ceiling. Momentum traders are watching the RSI for confirmation that the rebound has enough strength to break the ceiling rather than stall beneath it once more. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

A $1.50 Break Decides the Next Leg

The derivatives side has now joined the volume expansion. CryptoQuant data shows XRP futures volume climbing to a six-month high at the close of summer, with whale wallets aggressively building positions on Binance ahead of the U.S. Senate's Sept. 15 vote on the CLARITY Act — a pattern analysts read as front-running rather than retail churn. The institutional bid has also resumed: U.S. spot XRP ETFs posted a fresh net inflow of $18.96 million, lifting combined assets under management to $1.48 billion. Adding supply pressure, Ripple unlocked 1 billion XRP from escrow on Sept. 1 across three transactions of 500 million, 400 million and 100 million tokens. Sellers have defended the $1.43 level three times since late August, leaving traders focused on whether the mid-September catalyst stack — the Senate vote and the XRPL upgrade window — can finally clear it.

(as of 10:43 UTC) The through-line in COINOTAG's latest 42-indicator composite read is a market treading water just beneath heavy supply. XRP changes hands at $1.4014, down 1.35% over 24 hours against a $1.44 billion volume base and an $87.9 billion market cap, with the trend flagged as sideways. The load-bearing resistance is $1.4145, scored 88/100 on the back of a low-volume node, the Fibo 0.382, a bearish engulfing print and the pivot point; above it, $1.5472 (57/100) and $1.4898 (56/100) cap the range. On the downside, the strongest support sits at $1.3611 (87/100), confluence of a flip from resistance, the Fibo 0.500 and the Ichimoku Kijun, with $1.2681 (63/100) backed by the 50- and 100-day EMAs, the Bollinger lower band and Supertrend. Momentum is mixed: RSI at 58.69 leaves room before overbought, but the MACD signal has turned bearish. Derivatives positioning skews cautious — funding at -0.0012%, open interest of $961.8 million, and a 2.75 long/short account ratio (73.3% long) that leans crowded yet unpersuaded. Sentiment reads 71/100 (Greed). A sustained break above $1.4145 would shift momentum toward buyers and put $1.5472 on the radar, while a loss of $1.3611 would expose $1.2681.