XRP Posts 43.7% Weekly Gain, Outpacing All Top‑10 Coins Amid Bitcoin‑Dominated Market

XRP recorded a 43.7% increase over the seven days ending August 26, marking the best weekly gain among the top‑10 cryptocurrencies by market capitalization. The rally was powered by three distinct demand channels: U.S. spot XRP ETFs, Korean spot traders, and large futures accounts on Binance.

ETF Inflows Support Spot Demand

U.S. spot XRP exchange‑traded funds logged six consecutive days of net inflows from August 18 to 25, according to SoSoValue data. The daily inflow peaked at $23.87 million on August 25, raising total net assets from $941.41 million to $1.46 billion over the period. While the inflow amounts are modest relative to XRP’s roughly $90.65 billion market cap, they represent a clean measure of buying pressure.

Korean Spot Trading Provides Additional Momentum

On August 26, XRP accounted for 16.3% of all won‑denominated turnover on Upbit, ranking first among 286 markets on the exchange. The price on Upbit was within 0.1% of Bybit after currency conversion, indicating no local premium and suggesting broad participation rather than a localized buying frenzy.

Binance Futures Activity Shows Top‑Trader Conviction

Binance data showed the ratio of top‑trader positions rising 3.8% to 2.24 over the week, while the overall account ratio fell 27.7% and the share of long positions among top accounts dropped 33.5%. Despite the decline in broader long exposure, the absolute value of longs held by top traders increased, implying that the largest accounts continued buying or maintained positions while smaller participants reduced exposure.

Open interest on Binance fell 8.9% in a 24‑hour window but remained 12.9% higher over the week, and funding rates stayed near zero (0.01%). This suggests short‑term leverage unwinding without undermining the weekly build‑up.

Context Within the Wider Market

Bitcoin dominance stayed at 59.3% and the Altcoin Season Index read 40 out of 100, indicating a “Bitcoin season” where Bitcoin outperforms most altcoins. Consequently, XRP’s surge appears to be asset‑specific rather than a sign of a broader altcoin rally.

Outlook

The sustainability of the rally depends on the persistence of these demand channels. A reversal in ETF inflows, a drop in Korean trading share, or a shift in Binance futures sentiment could weaken the price advance. Conversely, continued buying from top futures accounts or renewed spot demand would support further gains.