TLDR
- XRP spot trading volume reached its highest level since February, showing stronger market activity across major exchanges.
- Binance led August XRP trading with about $7.28 billion in spot volume, ahead of Upbit and Bithumb Korea.
- XRP traded near $1.45 after gaining roughly 8% in 24 hours as the broader crypto market recovered.
- Binance’s 30-day average XRP reserves fell from 3.1 billion to 2.6 billion XRP since November 2025.
- The reserve decline returned Binance’s XRP balance average to levels last seen around February 2024.
XRP trading activity strengthened in August as volume reached its highest level since February. The rise came as XRP traded near $1.45 after gaining about 8% in 24 hours, while Bitcoin moved above $80,000 and crypto markets recovered.
XRP Trading Activity Reaches Six-Month High
CryptoQuant data showed spot XRP volume rising across exchanges in August. Binance led with $7.28 billion in trades, followed by Upbit with $4.68 billion and Bithumb Korea with $2.59 billion.
Bybit processed $1.40 billion, Gate.io handled $1.33 billion, and KuCoin recorded $1.23 billion. Bitget and Coinbase posted $918.5 million and $915.4 million, respectively.
Higher volume shows that more buyers and sellers entered the market. It does not confirm price direction, but stronger XRP trading activity can improve liquidity.
XRP Price Rises With Broader Market
XRP price traded around $1.45, with daily prices ranging between $1.35 and $1.48. The token gained more than 6% in 24 hours and 36% over the month, while its weekly increase stayed near 1.4%.
The move followed a market rebound. Bitcoin climbed above $80,000 after falling near $76,200, while Ether approached $2,500 and BNB moved above $720.
XRP also remained well below its July 2025 record near $3.65. The token traded 49% below its level from a year earlier.
CryptoQuant data showed Binance’s 30-day average XRP reserves falling from 3.1 billion in November 2025 to 2.6 billion. The level matched readings last seen around February 2024.
The 500 million XRP decline represents the net change across the period, not one confirmed withdrawal. Lower exchange balances can result from customer transfers, custody changes, or longer-term holding.
CryptoQuant contributor Darkfost said the reserve trend may support a more positive long-term reading. The analysis did not present the decline as a direct short-term price signal.
Spot XRP ETFs Add Demand
Spot XRP ETFs may have added another source of demand after launching in late 2025. Products from Bitwise, Canary Capital, Franklin Templeton, Grayscale, and 21Shares hold or track spot XRP.
Bitwise’s XRP ETF reached $502.7 million in net assets by Aug. 27 and held nearly 364.8 million XRP. Its holdings rose by 78 million XRP from June 30 through Aug. 27. ETF purchases cannot be matched directly with the decline in Binance reserves. Funds can obtain XRP through exchanges, custodians, market makers, or over-the-counter transactions.
