XRP Hits Monthly High: Key Signals Behind the Surge
The driving factors and market dynamics behind XRP's sudden price rally.
1From Stagnation to Revival
The crypto market experienced a notable stagnation in July and August, with low trading volume and interest. Yesterday afternoon, sudden price movements began across all assets. XRP broke above $1, reaching a monthly peak at $1.14 before settling at $1.10. This movement was supported by XRP-specific factors beyond the general market revival.
2Whale Activity Surges
Large investor (whale) activity in XRP has significantly increased in recent days. Transactions worth over $1 million surged by 280% in a single day, reaching 40. Additionally, investors holding 10-100 million XRP purchased 72 million tokens in 24 hours. These movements are among the key drivers behind the price increase.
3Exchange Withdrawal Trend
From June to mid-August, 240 million XRP were withdrawn from exchanges like Binance, Upbit, and Coinbase. The total reserves of these exchanges dropped from 5.36 billion to 5.12 billion tokens. The withdrawal of tokens from exchanges signals a strengthening long-term holding trend.
4Rise in Network Activity
The XRP Ledger recorded 50,000 active addresses in the last 24 hours, the highest level in two months. The increased network activity reflects a rise in XRP's adoption rate.
5Open Interest Hits Record
XRP open interest reached $2.7 billion this week, the highest since October 2025. While 75% of positions were long, trading flow leaned slightly bearish. Short volume stood at $375 million in 24 hours, compared to $304 million on the long side.
6Analysts' Perspectives
Analyst Bird highlighted the crashes following leverage spikes in 2022-2024 but noted that November 2024 marked a different outcome, with a new trend emerging. Bird stated that after months of decline, XRP is now in a healthy recovery phase.
7Leverage and Price Relationship
The relationship between XRP's price movements and leveraged positions is crucial. While leverage spikes in 2022-2024 led to price drops, November 2024 saw both price and open interest rise together. The current movement resembling the 2024 pattern is a hopeful sign for investors.
8Implications for the Market
XRP's rally is seen as part of the broader crypto market revival. Whale activity, exchange withdrawals, and rising network activity suggest XRP is entering a significant upward phase. However, a single green candle does not confirm a trend reversal.
Original article: CryptoPotato — XRP Aylık Zirveye Ulaştı: Büyük Hareketin İşaretleri