- XRP price climbs toward $1.40 as trading volume surges sharply
- Ripple locks 700 million XRP in escrow amid rising market activity
- Futures and spot volumes jump over 200% as XRP gains momentum
XRP moved higher during the latest trading session as the cryptocurrency approached the $1.40 level. Market data shows that the upward move coincided with a surge in trading activity across both spot and derivatives markets. At the same time, blockchain monitoring data revealed major escrow transactions involving hundreds of millions of XRP.
Currently, XRP is trading at $1.40, representing a 4.1% increase within the past 24 hours. Meanwhile, the asset’s market capitalization has climbed to roughly $85.96B, reflecting stronger trader participation across major exchanges as per CoinMarketCap. In addition, 24-hour trading volume stands close to $3.34B, indicating active market engagement during the session.
XRP Trading Volume Surges Across Spot and Futures Markets
Trading data shows a sharp increase in activity within a short timeframe. Market dashboards reveal that XRP futures trading volume climbed to approximately $1.14B, representing a 161% increase during four hours. At the same time, spot trading volume rose to nearly $355M, marking a 212% increase during the same window.
Also Read: Cardano Founder Makes Big XRP Clarity Act Confirmation While Slamming Ripple CEO: Details
Source: Coinglass
Expanding volume often reflects stronger participation as market participants enter positions during price movements. During this period, the asset tested resistance several times but remained inside the range. However, stronger buying pressure eventually pushed the price above $1.40, allowing XRP to record the highest level seen during the recent trading session
Ripple Locks 700 Million XRP in Escrow
Alongside the increase in trading activity, large on-chain XRP movements were also recorded. According to Whale Alert, 500,000,000 XRP valued at approximately $704.8 million moved into Ripple’s escrow system. Additionally, another 200,000,000 XRP, worth about $281.5 million, entered escrow through a separate transaction. According to the update, the combined transfers placed 700,000,000 XRP into escrow.
Ripple uses this escrow mechanism to manage XRP supply through scheduled releases and relocking events. Tokens locked in escrow temporarily remain outside active circulation. Meanwhile, supply metrics show that XRP currently has 99.98 billion tokens in total supply, while the maximum supply remains capped at 100 billion XRP. Data also shows the asset’s fully diluted valuation standing at around $140.71B.
