XRP Trading Volume Soars to $7.28 Billion on Binance Amid 659% Address Surge

XRP had a big August. Spot trading volume on Binance hit $7.28 billion last month — the highest reading in six months — as the token bounced hard off the low $1.30s and climbed back to hover between $1.40 and $1.45.

And it wasn’t just Binance. Upbit posted $4.68 billion in XRP spot volume over the same stretch, with Bithumb adding another $2.59 billion. That’s a lot of XRP changing hands across three major exchanges in a single month, and it came right as the broader crypto market was still trying to find its footing. Whether traders were buying the dip or just speculating, the numbers are hard to ignore. The volume spike also lined up with a sharp jump in exchange outflows — a six-month peak, per the data — which at least some market watchers read as holders pulling coins off exchanges rather than selling.

The 659% surge in XRPL active addresses is probably the strangest data point in all of this.

ETF Flows Tell a Complicated Story

U.S. spot XRP ETFs pulled in roughly $170 million across 11 consecutive sessions of inflows. That’s a solid run. But then came a $7.2 million outflow, which wasn’t massive on its own, yet still broke the streak. Cumulative inflows since launch sit at $1.68 billion, so the product category isn’t exactly struggling — it’s more that the pace has gotten a bit uneven. Institutional interest seems real, but maybe not as relentless as it looked a few weeks ago.

It’s worth keeping in mind that XRP ETF products are still relatively young. The category has been building momentum, and a single outflow session doesn’t erase $1.68 billion in cumulative demand. But traders are watching the flow data closely, because ETF appetite has been one of the cleaner signals for where XRP price goes next. A sustained reversal in flows would probably weigh on sentiment fast.

No major asset manager commented publicly on the outflow. Unclear if that’s just normal silence or if there’s something more deliberate going on.

Price Levels Traders Are Watching

XRP’s current range is pretty well-defined. Support sits between $1.30 and $1.32. Resistance clusters between $1.45 and $1.50. Those two zones have basically been the walls of the trade for a while now, and neither side has broken convincingly.

More context: Goldman Sachs Leads with $87.45M XRP ETF Position as Wall Street Bets Surge

A clean move above $1.50 would likely open up targets at $1.60 and then $1.79, based on the technical picture. Below $1.30, things get murkier — that level has held, but losing it would probably shake up the structure that’s kept XRP from sliding further.

The 659% jump in XRPL active addresses is the kind of on-chain data that can mean a lot or not much, depending on what’s driving it. Network engagement at that scale suggests genuine activity — wallets waking up, transactions moving, addresses doing something. But it doesn’t automatically pull price higher. Confirmation through actual price action is what traders are waiting on, and so far, XRP hasn’t broken out of its range despite the activity spike.

Exchange outflows reaching a six-month high is a separate signal worth watching. When coins leave exchanges at that pace, it can mean holders are moving into cold storage — a classic sign of accumulation, or at least of people not planning to sell immediately. Can’t say for certain that’s what’s happening here, but the pattern fits.

And the weekend trading window matters more than it used to. Thinner liquidity, fewer institutional desks actively quoting, and retail flow dominating — that mix can push XRP sharply in either direction without much warning. A few big orders in a low-volume session could test either the $1.30 support or the $1.50 resistance before Monday opens.

The broader crypto environment isn’t making this easier to call. Markets have been choppy, sentiment shifts fast, and XRP has its own regulatory history that still probably colors how some institutional players think about it. The legal clarity that’s come through hasn’t fully translated into the kind of sustained buying pressure that bulls were expecting.

Read also: Ripple Secures Major Deal to Showcase XRP Logo at Floridas Ben Hill Griffin Stadium

So the setup is: strong volume, rising network activity, decent ETF inflows overall, but a price that’s still stuck in a $1.30-to-$1.50 band. Something has to give. The $170 million ETF inflow streak was a real catalyst candidate, and it stalled. The XRPL address surge is another one. Neither has pushed XRP through $1.50 yet.

Cumulative XRP ETF inflows remain at $1.68 billion since launch.

Hub: XRP price, news, and analysis