XRP Futures Reach New Heights Ahead of Key Vote
Binance sees record-breaking XRP futures trades in August, exceeding $37 billion.
The XRP Ledger has seen a surge in interest from traders ahead of the upcoming vote on September 15. According to recent data, Binance handled a record amount of XRP futures trades in August, with total volume exceeding $37 billion. This marks the highest month for XRP futures trading since February this year. The increased activity may be attributed to whales buying up positions in anticipation of the vote's outcome. As the community awaits the decision, the XRP/RLUSD price has seen a slight decline, currently trading at 1.3987 RLUSD with a 24-hour change of -1.38%. The on-ledger volume remains steady, with 19,485 trades recorded in the past 24 hours. This development may have implications for the overall market dynamics and could potentially impact the price of XRP/RLUSD.
Sources
CR CryptoPotatocryptopotato.com UT U.Today
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