XRP price is showing increased volatility as derivatives data from Coinglass show trading volume up ~30% to $9.00B and open interest rising, signaling greater market participation and downside risk after a break below $3.
Trading volume surged 30.36% to $9.00 billion, signaling higher activity
Open interest rose 3.03% to $7.99 billion, indicating growing leverage exposure
Options open interest climbed 20.56% to $1.24 million despite a small options volume dip
XRP price volatility rises as derivatives volume jumps 30% and open interest increases—read the market summary and expert analysis from COINOTAG.
What is happening to the XRP price?
XRP price is under pressure after slipping below $3, with Bollinger Bands dilation on the three-hour chart and tests of the $2.85 lower band suggesting elevated volatility and downside risk. Market derivatives show rising trading volume and open interest, which often precedes larger directional moves.
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Coinglass data for August 30 show a 30.36% jump in trading volume to $9.00 billion and a 3.03% rise in open interest to $7.99 billion. Options volume dipped 1.54% to $3.74K while options open interest increased by 20.56% to $1.24 million. These shifts suggest heavier futures and perpetual market participation with longer-term option positioning.
Price action technicals reinforce the derivatives signal. The three-hour Bollinger Bands are widening, and prices tested the lower band at $2.85, consistent with increased intraday swings. The break below $3 prompted position liquidation and added selling momentum.
Veteran trader Peter Brandt described XRP’s recent price action as “very negative.” His chart-based view highlights a descending triangle formation, a pattern commonly interpreted as bearish when support is tested repeatedly. If support fails, further declines are possible as stop orders and leveraged positions unwind.
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Source: https://en.coinotag.com/xrp-derivatives-volume-climbs-as-volatility-increases-price-may-see-further-downside-after-3-break/