.png){kind=logo}
XRP traded near $1.37 on August 31 as derivatives sellers remained more active than buyers, keeping pressure on the token near the $1.35-$1.40 zone. Binance’s Taker Buy/Sell Ratio stood at 0.92, while futures volume surged and leverage remained elevated after XRP’s sharp August recovery.
Can XRP turn its chart breakout into a sustained advance while derivatives sellers still control order flow?
CryptoQuant data shows XRP’s price recovery has not matched buying strength in derivatives markets. The Taker Buy/Sell Ratio remains below 1, which means aggressive selling activity still exceeds aggressive buying activity.
The ratio reached 0.92 on Binance as of August 31. A reading above 1 would show stronger buyer activity, while a reading below 1 points to greater seller activity.
Meanwhile, XRP’s market capitalization climbed from about $87.4 billion to nearly $107 billion by August 22. It later fell to approximately $86.4 billion after XRP retreated from around $1.69.
XRP is now trading around the $1.35-$1.40 area within the Ichimoku indicator. A move above that range, alongside a Taker Buy/Sell Ratio above 1, would show stronger buyer support.
Coinglass data showed XRP futures open interest at $3.21 billion on August 31, down 3.07%. At the same time, 24-hour derivatives volume jumped 90.20% to $4.63 billion.
Leverage also climbed during the recovery. Coinglass placed the estimated leverage ratio at 0.193, close to its six-month high of 0.213. This leverage build-up preceded a sharp clean-up. Long liquidations reached $25.7 million on August 22, marking the largest one-day long liquidation total in six months.
Also Read: XRP Trades Near USD 1.38 as Mastercard Expands Ledger Reach
Crypto analyst Celal Kucuker identified a falling wedge that formed during XRP’s prolonged correction. The pattern narrowed as XRP continued making lower moves before breaking above its upper boundary.
Kucuker described the correction as ‘perfect’ and the move above the downtrend as ‘a beautiful breakout from the downtrend.’ His chart maps several price levels rather than one immediate target.
The first key level sits at $2.42, XRP’s 2026 peak, followed by Kucuker’s $2.50 target. His chart then points to $3.50, $6, and finally $13. The chart also marks the area around $3.65, close to the previous all-time high cited in the source material. The $13 level remains the final long-term target shown on his chart.
For now, XRP remains near $1.36-$1.37, while derivatives sellers still show greater activity than buyers. The $1.35-$1.40 area and a Taker Buy/Sell Ratio above 1 remain key short-term signals.
