XRP Derivatives Market Sees Strongest Selling Pressure Since 2026

XRP has seen a significant increase in derivatives selling pressure since its price breakout earlier this year. Despite maintaining a bullish spot market, data from CryptoQuant suggests that XRP's derivatives market may be experiencing selling pressure.

The broader crypto market recovery added over $183 billion to the total altcoin market capitalization in just a few days, with XRP benefiting from a 70% price surge during this period. However, this rally has attracted speculative activity, particularly on Binance, where XRP's net taker volume recorded its strongest selling pressure since 2026.

With a sell-side dominance of $96 million and an increase in Open Interest by 14.8% on Binance alone, the derivatives market is becoming more active while threatening the continuity of XRP's price rally.