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XRP(CRYPTO: XRP) futures trading volume hit a six-month high in August as spot ETFs have now logged eight straight weeks of positive <a href="https://xpertsstudio.com/solana-etf-inflows-fell-96-in-a-week-from-153-87-million-to-6-18-million-what-changed/” title=”Solana ETF Inflows Fell 96% in a Week, From $153.87 Million to $6.18 Million. What Changed?”>inflows.
What the Futures Data Shows
According to CryptoQuant, XRP futures trading volume across major exchanges reached its highest level since February during August, with total volume across Binance, Bybit, and OKX alone hitting $64.6 billion for the month.
Binance led with roughly $37 billion, followed by Bybit at $14.54 billion and OKX at $12.88 billion.
CryptoQuant noted that high futures volume does not automatically signal a rally since elevated activity can reflect both long and short positioning.
Funding rates and open interest remain the key factors in determining which direction the new liquidity is actually pushing.
Ali Martinez posted on X that XRP has spent nearly a decade forming a massive ascending triangle on the monthly chart, with $3.66 as the critical resistance level.
A monthly close above that level would confirm the breakout and activate a long-term technical target near $60.
In a separate post Tuesday, Ali Martinez flagged a near-term descending triangle on the hourly chart with a clean break above $1.40 needed to trigger a rally toward $1.46.
XRP ETFs Extend Inflow Streak to Eight Weeks
According to SoSoValue, XRP spot ETFs recorded positive net inflows for eight consecutive weeks through the week ending September 4, adding $18.96 million over the latest week.
That is a smaller figure than the $110.49 million added the prior week, but the streak extending to eight straight weeks without a single red print points to steady institutional accumulation rather than one-off demand.
XRP Price Analysis: Key Levels to Watch
XRP holds flat Tuesday, compressing inside a symmetrical triangle that has formed since the September 4 spike to $1.4880.
The 20-day EMA at $1.3952 and session VWAP at $1.3944 both sit just below as thin support, with the 50-day EMA at $1.4011 as immediate resistance overhead.
Key levels for XRP:
- $1.40 — break above triggers move toward $1.46
- $3.66 — monthly resistance, break confirms long-term $60 target
- $1.388 — triangle base support, losing this opens slide to $1.36
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