[Digital Today reporter Yoonseo Lee] XRP’s 30-day liquidity index on Binance rose to its highest level in about six months.

On Sept. 15 (local time), blockchain outlet The Crypto Basic reported that the XRP market is showing a return in trading activity after a summer slowdown.

Key indicators are the 30-day liquidity turnover rate and the liquidity index. The 30-day turnover rose to about $4.6 billion, and the liquidity index stood at about 0.0675. The measure shows how quickly XRP changes hands relative to the amount held on exchanges. The higher the figure, the greater the likelihood that large buy and sell orders can be absorbed without sharply moving prices.

The recent rebound came after weakness in July and August. At the time, the 30-day turnover fell to the $2.0 billion to $3.0 billion range, and the broader cryptocurrency market was also weak. XRP traded around $1, but rose about 28.5 percent in August, posting its strongest August performance since 2021. Inflows of $153.55 million into XRP spot exchange-traded fund (ETF) products also supported the recovery.

In September, actual fund movements also grew. On Sept. 11 alone, more than 91 million XRP flowed into Binance and more than 113 million XRP flowed out. Both were the biggest daily figures in the past six months. Withdrawals exceeded deposits by about 22.7 million XRP, but Binance’s total XRP holdings rose only 0.43 percent on a weekly basis. That suggests the increased movement in and out of the exchange is difficult to label as one-sided selling or accumulation.

The derivatives market also showed some signs of recovery. Binance’s seven-day open interest change rate improved to 1 percent on Sept. 6 from minus 27 percent on Aug. 29. Still, average open interest was about $476.7 million, up only 0.23 percent from the previous week. The market is gradually returning after a quiet summer, but the data signal it is still too early to see it as a strong trend shift.

The market is also pointing out that improving liquidity itself is not necessarily an immediate bullish signal. A higher liquidity index does not mean XRP’s price must rise. It does confirm the market can absorb larger buy and sell orders without a price shock. If buying strengthens, it could create a more stable path higher. If selling prevails, declines could deepen without the sharp swings seen in thin markets.

The large inflows and outflows on Sept. 11 also warrant caution. Big deposits and withdrawals can signal an increase in actual trading, but they could also reflect internal wallet transfers or inventory rebalancing by market makers. For now, it has not been confirmed which was behind the surge.

The figures matter less for XRP’s price itself than for the increased ability of the Binance market to absorb trading. Spot ETF inflows and improving derivatives indicators appeared together, but it was also confirmed the market has not reached a stage where direction is set toward either buyers or sellers. XRP is more likely to move within a range in the short term than to form a clear direction.