XRP Derivatives Selling Pressure Reaches 2026 High
XRP has seen its strongest derivatives selling pressure of 2026 despite holding above $1.40 following its recent price breakout.
The altcoin's spot market remains bullish, but data from CryptoQuant suggests that this may no longer be the case for its derivatives market.
CryptoQuant analyst revealed that XRP was one of the biggest beneficiaries of the recent crypto market recovery, with a 70% price surge in just a few days.
The surge has attracted speculative activity from traders, particularly on Binance, where XRP's net taker volume recorded its strongest selling pressure since January 2026, with sell-side dominance surging to $96 million.