XRP Short Positioning Surges as Price Falls to $1.0296

As XRP fell to around $1.0296 from its recent high of $1.05-$1.08, derivatives data shows that market positioning has shifted toward the short side.

The rise in Binance open interest from about $180 million to $195 million over the past 72 hours indicates new short positions entering the market, with traders adding leverage while selling pressure increases.

CVD (Contango-Backwardation indicator) fell to -$363 million from around -$292 million during the same period, suggesting that investors are preparing for further downside as XRP loses ground and selling pressure strengthens across both spot and derivatives markets.

The sharp drop in estimated XRP spot CVD from $235 million to $112 million represents a decline of over 52%, showing weakened buying activity. Buyers remain present but no longer provide the same level of support.