TLDR
- XRP rallied 44% over the past week, reaching above $1.50 before pulling back to around $1.44.
- Estimated leverage ratio on Binance hit its highest level since January at 0.21.
- XRP network active addresses surged 654%, jumping from 47,180 to 356,070.
- Options volume jumped nearly 299% to $36.70 million as traders positioned for volatility.
- Long positions outnumber shorts roughly 2-to-1 on Binance, with top traders running 3-to-1.
XRP has had one of its strongest weeks in months, rallying 44% before starting to give back some gains. The token was trading around $1.44 on Wednesday after briefly crossing above $1.50 earlier in the week.
The rally was part of a broader crypto market recovery. Bitcoin climbed from below $68,000 to nearly $80,000 after the U.S. Treasury expanded its bond-buyback program, pushing long-term yields lower. XRP outpaced bitcoin and most other major tokens during that move.
Ripple also made headlines of its own. The company backed a new institutional credit fund that plans to make loans in its RLUSD stablecoin through the XRP Ledger.
Analyst Ted Pillows put the move in sharp context on X. He pointed out that just two weeks ago, XRP had its lowest weekly close in 21 months. Then, in a single week, XRP pumped 70% and hit a 7-month high. As he put it: “7 days of gain erased 7 months of pain.”
2 weeks ago, $XRP had its lowest weekly close in 21 months.
Last week, XRP pumped 70% and hit a 7-month high.
7 days of gain erased 7 months of pain. pic.twitter.com/sZ0v4Hpm9B
— Ted (@TedPillows) August 24, 2026
Leverage Builds to Seven-Month High
As XRP climbed, leverage followed. CryptoQuant data shows XRP’s estimated leverage ratio on Binance rose to about 0.21, the highest reading since January. That measure compares derivatives open interest against exchange reserves.
On Binance, roughly two long accounts exist for every short. Among top traders, that ratio rises to about three-to-one. XRP futures generated around $6.4 billion in 24-hour volume, more than five times the $1.2 billion traded on spot markets. Futures open interest stood at $3.45 billion.
The last time leverage sat at this level, in January, XRP was trading above $2.
Network Activity and Options Surge
On-chain data shows XRP network active addresses surged 654.71%, climbing from 47,180 to 356,070. Analyst Ali Charts flagged the jump, noting this kind of spike typically signals higher price volatility but does not guarantee a sustained price rise.
$XRP READY FOR A BULL RALLY
1/5 🧵👇
— Ali Charts (@alicharts) August 9, 2026
Options volume also jumped 298.79% to $36.70 million. Options open interest rose 25.73% to $140.74 million. Total derivatives volume dropped 8.19% to $8.07 billion, though open interest stayed elevated at $3.73 billion.
XRP’s RSI stands at 59.94, suggesting positive momentum. The MACD line is currently below the signal line, pointing to possible further consolidation.
Key resistance sits at $1.50. A close above that level opens the path toward $1.60, then $1.70. Immediate support is at $1.40, with $1.30 below that.
