XRP Spot Volume Drops $1.94B as Futures Trading Dominates
- —XRP spot volume on CEXs fell $1.943 billion, from $2.597 billion to $653.8 million
- —Binance volume dropped from $597 million to $168 million; other exchanges from $2 billion to $485.8 million
- —XRP futures volume reached $56.18 billion in September, a six-month high
- —Binance spot-to-futures ratio fell from 31% on Sept. 26 to 12.7% on Oct. 11
Why it matters: XRP's rally above $1.40 relies less on spot demand and more on speculative futures, raising the risk of a sharp correction.
Source: Cryptonews.net