- XRP trading volume spiked 200%, crossing $5B as September call options near expiry.
- Profit-taking has pulled XRP back under $3, with volatility expected through month’s end.
- Breaking $4 looks unlikely short term, but dips near $2.70 may offer strong entry points.
Ripple’s XRP just pulled off one of its wildest trading weeks of the year. Its 24-hour trading volume surged by 200% on Tuesday, jumping past the $5 billion mark. For context, the token had been sitting around $1.7 billion earlier this week before exploding higher. The rally briefly pushed XRP to a weekly high of $3.03, but the climb didn’t last long—by Wednesday, it had slipped back under $3 and is now consolidating around $2.95.
What’s Fueling XRP’s Massive Volume Spike?
The frenzy is tied to September’s expiring XRP call options. Back in June, when XRP hovered near $2.10, traders piled into strike calls for $3, $3.5, and even $4. Now, with nearly 2 million contracts set to expire before September 28, profit-taking has kicked in. Traders are closing positions, locking in gains, and flipping contracts, which explains the flood of trading activity.
This kind of options-driven volume often creates turbulence, and XRP is no exception. With so many contracts expiring in the next two weeks, volatility is expected to stay elevated. For retail investors, it might be wise to sit back and wait until the dust settles.
Can Ripple’s XRP Really Push Past $4?
Here’s the tough part: breaking above $4 in the near term looks unlikely. Even during the June–August surge, when money was flowing aggressively into XRP, the token only managed to reach $3.65—a new all-time high but still shy of that $4 target. With capital now flowing out, momentum isn’t strong enough to test fresh highs.
That said, opportunity could be waiting once the options expiration shakes out. If XRP dips below $2.70, that level could serve as a solid long-term entry point. For patient holders, accumulating at lower prices might set up bigger rewards later.
