Arab Chain
XRP Futures 3M Volume Average Hits Lowest Level Since 2024
Data indicates that the three-month moving average (MA-3M) for XRP futures contracts has reached its lowest level since November 2024, at approximately $87 billion. This reflects a clear decline in momentum and speculative activity within the derivatives market. Importantly, this drop in the moving average does not represent a one-month weakness alone, but rather suggests a slowdown that has persisted for several consecutive months, reinforcing the view that the market is entering a cooling phase following previous periods of elevated activity. Based on the latest figures, total monthly trading volume across platforms stands at approximately $87 billion, a level notably lower than the peaks observed during phases of strong market participation. Liquidity remains highly concentrated among a small number of major platforms, led by: Binance with approximately $39.4 billion Bybit with approximately $16.3 billion OKX with approximately $10.7 billion The decline in the MA-3M to its lowest level since November 2024 points to a reduction in risk appetite and leverage usage behavior commonly seen during periods of uncertainty or when traders are waiting for new catalysts. Alternatively, this slowdown may be interpreted as a phase of rebalancing and base building ahead of a larger move, particularly if it is later accompanied by a recovery in trading volumes.