XRP futures volume surged past $12 billion as the price nears key $3.22 support. Korean retail buyers fuel demand amid Ripple lawsuit news.
XRP futures trading surged past $12 billion in volume over 24 hours, marking a sharp increase that overtook rival Solana’s $9.6 billion. Open interest climbed alongside, signaling growing market activity.
Meanwhile, the XRP price is testing a critical support level near $3.22, a point seen as vital for the token’s near-term trend. Traders watch as shifts in positioning and sentiment could trigger sharp moves.
XRP Futures Volume Hits Record High, Indicating Heavy Positioning
Glassnode data shows XRP futures volume jumping 208% to $12.4 billion in 24 hours, overtaking Solana’s $9.6 billion volume.
Open interest on XRP contracts also increased by 15% to reach $5.9 billion. The combination of rising volume and open interest suggests strong trader interest and heightened market activity.
$XRP futures activity surged, with 24h volume up +208% to $12.4B – overtaking #Solana’s $9.6B. Open interest climbed to $5.9B (+15%), while a positive funding rate suggests heavy long positioning – which could raise liquidation risk if price turns lower. pic.twitter.com/hGf3HcTpzY
— glassnode (@glassnode) August 8, 2025
Alongside this, funding rates have turned positive, pointing to a dominance of long positions in the market.
A positive funding rate means traders holding long positions pay those short, hinting that bullish bets are piling up. However, this dynamic can raise risks of a sharp liquidation if prices slip suddenly.
The surge in futures activity reflects renewed attention on XRP as legal developments and market shifts unfold. Traders and investors seem poised for potential volatility, weighing the balance of risk and reward.
The jump in futures volume signals more than just excitement. It points to an environment where large sums are moving into XRP contracts, potentially setting the stage for significant price action. Market watchers will need to track if this momentum sustains or if profit-taking and reversals appear.
Korean Retail Buyers Drive Demand After Ripple Lawsuit News
Market chatter points to South Korean retail buyers as a major force behind XRP’s recent price action. According to a market analyst known as Dom, Koreans aggressively bought over 10 million XRP tokens within about 20 minutes following updates on Ripple’s lawsuit. Binance, a leading exchange, reportedly trailed behind this demand surge.
This sudden spike in retail buying followed the release of news concerning Ripple’s ongoing legal battle. Historically, such news events can trigger pumps that often fizzle quickly afterward. However, this wave of buying poses a question about whether this rally will hold differently this time.
Retail interest from Korea, known for its active crypto community, could add fresh fuel to XRP’s price if it continues. Still, traders remain cautious given the volatile nature of price reactions following legal developments. The market’s ability to absorb these large retail inflows without rapid pullbacks will be a key indicator going forward.
This dynamic adds another layer to XRP’s trading environment, blending futures market activity with concentrated retail interest from a specific regional group. Both factors are crucial to watch as the token’s price approaches a critical juncture.
XRP Price Faces Crucial $3.22 Support
Technical analyst CasiTrades highlights the importance of XRP’s current price action as it pulls back toward the $3.22 level. This price zone corresponds with the .382 Fibonacci retracement and acts as a significant backtest point from previous moves. It also aligns with multiple support levels on different timeframes, suggesting strong underlying demand.
XRP Pulls Back in a Selloff Toward Critical $3.22 Support!
After the recent strong impulse up to $3.38, $XRP is now approaching a critical support zone near the .382 retracement level and the important backtest around $3.21–$3.22. This support area is significant not only… pic.twitter.com/SyWkLQaxcG
— CasiTrades
XRP Pulls Back in a Selloff Toward Critical $3.22 Support! 
(@CasiTrades) The recent sharp selloff may actually be a shakeout designed to clear weak hands and trap shorts, possibly setting up a short squeeze. Such moves often search for liquidity before renewed upward momentum can resume.
Holding above $3.22 is critical for maintaining the bullish trend and market confidence.
A failure to hold this support could weaken the structure and trigger further downside. Conversely, if XRP bounces here, it might push toward reclaiming recent highs near $3.38. Traders are watching closely as price action around this level will likely shape the next phase of XRP’s market cycle.
The latest data from CoinGecko shows XRP trading around $3.30, down slightly over 24 hours but up over 10% in the past week. This technical test aligns with broader market forces, including futures positioning and retail buying, creating a high-stakes moment for XRP holders.
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