XRP Defies Billions in Selling Pressure, Buy-Side Demand Seen

XRP has maintained its price near $1.52 despite massive selling pressure on major exchanges like Binance.

Data from CryptoQuant shows that sellers have offloaded roughly $3.9 billion in cumulative selling activity across spot and perpetual markets, with a negative reading of $2.7 billion in estimated spot CVD (Cumulative Volume Delta).

Crypto analyst Xaif Crypto observed that this level of selling pressure typically would lead to a decline in price, but XRP's resilience has drawn attention from traders who see signs of substantial buy-side demand.

The presence of active derivative traders on Binance, with $276.5 million in open interest, adds another layer of complexity to the market sentiment.