Monthly XRP futures volume rebounded from $38 billion in July 2026 to $68 billion in October after eight consecutive months of declines. Binance led the recovery with $34.57 billion in trading, followed by Bybit with $13.58 billion and OKX with $12.25 billion. Meanwhile, total stablecoin capitalization on the XRP Ledger fell 11.88% over thirty days to $1.069 billion, with RLUSD accounting for 91.48% of the remaining supply. Futures volume, currently close to $2.7 billion, far exceeds spot volume of about $470 million, while open interest stands at roughly $2.9 billion. This increased speculative activity could intensify selling and liquidations without supporting prices unless new capital returns to RLUSD on the XRP Ledger and direct demand for XRP strengthens.
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