XRP volumes jumped 67% as traders rebalanced positions amid a broad crypto sell-off and fresh reports that Ripple is leading efforts to create a $1B digital-asset treasury to accumulate XRP, driving short-term liquidity and heightened trading activity.
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XRP trading volume rose 67% to $9.03B in 24 hours, a surge tied to liquidation-driven rebalancing.
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Spot and derivatives flows accelerated after $1.21B in crypto leverage was liquidated marketwide, per CoinGlass data.
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Bloomberg reported Ripple is pursuing a $1B digital-asset treasury and acquiring GTreasury for $1B, increasing institutional focus on XRP.
XRP volumes jump 67% — XRP trading surges to $9.03B amid market sell-off and reports of a $1B Ripple digital treasury; read analysis and takeaways.
By COINOTAG — Published Oct 20, 2023 | Updated Oct 20, 2023
What caused XRP volumes to jump 67%?
XRP volumes jump 67% primarily because traders adjusted positions during a broader crypto sell-off, and market attention increased after reports that Ripple is leading plans for a $1 billion digital-asset treasury focused on XRP. CoinGlass data shows $1.21 billion in leverage liquidations, amplifying intraday flows.
Could a Ripple-led digital-asset treasury be driving demand for XRP?
Bloomberg (plain text) reported that Ripple is spearheading efforts to raise at least $1 billion to accumulate XRP inside a new digital-asset treasury (DAT). If executed, the DAT would represent one of the largest concentrated accumulations of XRP, which can create both headline-driven buying and the expectation of future sales or strategic allocations. Ripple’s reported $1 billion acquisition of GTreasury for treasury management adds further institutional infrastructure to support large-scale holdings.
Exchange and derivatives data show traders responded to the news alongside macro pressure. CoinGlass data indicates $943.96 million of long positions and $261 million of short positions were liquidated across the market, a dynamic that often produces sharp intraday volume spikes as orders cascade and algorithmic strategies rebalance.
Market context and macro drivers
The broader crypto market was under pressure early Friday, extending a recent downtrend as macro uncertainty and liquidity stress weighed on risk assets. The decline preceded the Federal Reserve’s October FOMC meeting scheduled for Oct. 28–29, with investors parsing speeches from Fed officials for guidance on rate policy. The U.S. government shutdown entered its third week, further clouding near-term economic visibility and prompting cautious positioning across asset classes.
Frequently Asked Questions
How long is the XRP volume surge likely to last?
Short-term volume spikes driven by liquidations and headline-driven interest typically last days to weeks. Sustained volume depends on follow-through from institutional buyers, confirmed treasury activity, and macro stability. Monitor on-chain flows and centralized exchange volume for confirmation.
Why did XRP price fall despite rising volume?
Rising volume during a sell-off often reflects forced liquidations and defensive rebalancing rather than fresh bullish accumulation. In this instance, XRP was down 7.31% in 24 hours and 21% weekly while volume rose, indicating high turnover from selling pressure and traders adjusting leverage.
Key Takeaways
- Volume spike: XRP trading volume increased 67% to $9.03 billion amid a market sell-off, signaling elevated liquidity and turnover.
- Leverage liquidations: CoinGlass reports $1.21 billion in marketwide liquidations — $943.96M longs and $261M shorts — which intensified intraday moves.
- Institutional signals: Bloomberg (plain text) coverage of a potential $1B Ripple-led digital-asset treasury and the reported GTreasury acquisition for $1B may attract sustained institutional interest.
Conclusion
Short-term dynamics show XRP volumes jump 67% amid forced liquidations and heightened interest following reports of a Ripple-led $1B digital-asset treasury and a $1B GTreasury acquisition. Investors should track on-chain accumulation, exchange flows, and official Ripple disclosures for confirmation. COINOTAG will continue monitoring developments and provide updates after the Federal Reserve’s Oct. 28–29 meeting and any formal announcements from Ripple or counterparties.
