XRP's Price Stability Sparks Debate Over Buyer Absorption

Crypto analyst Xaif Crypto has been scrutinizing market data and believes he's found an anomaly in XRP's price action. Despite sustained selling pressure across spot and perpetual markets, XRP has held steady around $1.52.

New data from Binance and other centralized exchanges shows billions of dollars in cumulative selling pressure. However, the chart shared by Xaif Crypto highlights a discrepancy between this selling activity and XRP's price stability.

The chart shows Binance perpetual CVD at approximately negative $1.2 billion, estimated spot CVD across all centralized exchanges around negative $2.7 billion, while Binance open interest stands at approximately $276.5 million.

Xaif Crypto notes that sellers have been hitting the market for weeks, yet XRP remains near $1.50. He suggests that this imbalance could indicate buyers are absorbing the available supply.