Forecast Trend Report by Period
XRP futures trading has contracted sharply, with activity increasingly concentrated on Binance.
CryptoQuant Quicktake analyst Amr Taha wrote on August 4 that total XRP futures volume stood at $897 million as of August 3. That was down about 21.5% from the $1.14 billion recorded on May 1.
Binance handled about $437 million of XRP futures volume, accounting for 48.7% of the total. That was nearly on par with the combined $460 million traded across all other centralized exchanges.
Compared with May, Binance's XRP futures volume rose about 6.8% from $409 million. Trading on other exchanges fell about 37% from $733 million, increasing Binance's relative share even as the broader market shrank.
Liquidation data showed heavier losses on long positions. Since February, liquidations of bullish bets have consistently exceeded those of short positions.
Shrinking volume does not determine XRP's next move, Taha wrote. But with the futures market now smaller, price volatility could increase if leveraged money returns.
