$XRP Derivatives Selling Pressure Hits New High on Binance

The cryptocurrency XRP has been on a strong run since its recent price breakout, maintaining a steady presence in the green zone. However, this rally may be nearing its end, according to data from crypto analytics platform CryptoQuant.

While the spot market for XRP remains bullish, the derivatives market is showing signs of selling pressure. In fact, the net taker volume on Binance has recorded its strongest selling pressure since the beginning of 2026, with a surge in sell-side dominance to around $96 million.

This increase in selling pressure may threaten the continuity of XRP's price rally. However, it also indicates that the derivatives market is becoming more active, with XRP's Open Interest increasing by about 14.8% on Binance alone.