XRP surged to a monthly high of $1.14 on increased whale activity and favorable market positioning.
Macro & Markets ·
XRP climbed to $1.14, its highest level in a month, before settling near $1.10 following a market-wide rally. Large transaction volume surged 280% in a single day, with transactions exceeding $1 million reaching roughly 40 compared to about 10 on each of the two prior days. Holders controlling between 10 million and 100 million XRP accumulated approximately 72 million tokens within 24 hours, while over 240 million tokens departed major exchanges between June and mid-August, reducing combined reserves on those platforms from roughly 5.36 billion to 5.12 billion.
XRP open interest reached $2.7 billion, marking its peak since October 2025, with 75% of positions oriented long. Network activity strengthened as well, with the XRP Ledger recording nearly 50,000 active addresses in 24 hours—its highest count in over two months. Paradoxically, the actual trading flow leaned bearish, recording $375 million in short volume against $304 million in long volume over the same period.
Analysts drew parallels to November 2024, when open interest expansion preceded substantial price movement rather than typical leverage liquidation cycles. Whether the current momentum sustains as a distinct uptrend or represents another temporary spike remains uncertain; the comparison holds only if price continues climbing while open interest remains stable.