XRP hits 6-month high in trading volume...Will it break the $1.5 barrier?

▲ XRP

XRP surged by nearly 6% in a single day after recording its highest spot trading volume in six months in August.

According to crypto media outlet CryptoPotato on September 4 (local time), data released by CryptoQuant contributor Arab Chain showed that XRP's spot trading volume in August reached its highest level since February. Binance accounted for the largest share with approximately $7.28 billion. Upbit followed with approximately $4.68 billion, and Bithumb Korea with approximately $2.59 billion.

XRP's trading volume on Bybit was approximately $1.4 billion. Gate.io recorded approximately $1.33 billion, and KuCoin approximately $1.23 billion. Bitget and Coinbase recorded $918.5 million and $915.4 million, respectively.

An increase in trading volume is not in itself an indicator of price direction. However, the media evaluated that the six-month high in trading volume indicates improved XRP liquidity. High trading activity suggests increased market participation.

XRP's price has risen by nearly 6% in the last 24 hours. The recent daily trading range was $1.35-$1.48, and the recent weekly range was $1.31-$1.48. The weekly increase was only 1.4%, indicating that the recent rebound was concentrated over a short period.

The monthly increase was approximately 36%. In contrast, it is about 49% lower than a year ago and about 60% lower compared to its all-time high of $3.65 recorded in July 2025.

[Article Key Summary]

-XRP's spot trading volume in August reached its highest level since February, and its price also surged by nearly 6% in the last 24 hours.

-Binance's XRP spot trading volume in August was approximately $7.28 billion, the highest among major exchanges.

-XRP rose by approximately 36% monthly but is about 60% lower than its all-time high of $3.65.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*