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The XRP market has suddenly emerged from a multi-month slumber as a key political date approaches. According to CryptoQuant, futures trading volume for the token hit a 6-month high at the end of summer.
Speculative interest in derivatives has returned after a prolonged period of calm: large players (whales) have begun aggressively accumulating positions, while Binance has traditionally become the main liquidity hub — its share of the volume charts dominated by a huge margin ahead of the fateful Senate vote on September 15.
This surge does not look like isolated retail speculation. The futures boom coincided with the first signs of an institutional push in the US: US spot XRP ETFs recorded a net inflow of $18.96 million. This pushed the combined assets under management (AUM) of these funds to $1.48 billion.
Charts are cooling, but large players are not leaving. The market appears to be waiting for a major move.
On the spot market charts, this fundamental shift was reflected in a tectonic change. In August, a powerful impulse broke through the prolonged downtrend that had lasted since the beginning of the year, sending the price of XRP to a peak of $1.65. By September 7, the coin had moved into a natural consolidation range of $1.34–$1.48 and was holding around $1.40.
TradingView technical indicators show that the current sideways movement is a "healthy" breather. The price has established itself above the key moving average ($1.2739), which is now acting as a rock-solid support level. Sellers have been unable to push the price below it while the market digests the new volumes.
The return of large liquidity to futures markets always precedes volatility, and in the current environment, it directly indicates that large players are opening positions ahead of the move (front-running). The synchronized inflow of money into ETFs and the ability to hold the $1.40 level point to preparations for a powerful impulse.
The nearest task for the bulls is to break through the local resistance at $1.50, which, ahead of September 15, could pave the way for a rapid retest of the August highs.
Dan Burgin
U.Today Editorial Team
