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Apr 25, 2026

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BULLISH 📈 : XRP spot buying strengthens and futures selling shows $700M leverage reset

XRP’s spot and futures markets split. CryptoQuant says this divergence will define the next move.

Spot demand is climbing. All CEX Estimated Spot CVD rose from $1.08B on Apr 2 to $1.39B on Apr 24, a +$310M shift toward buyers according to CryptoQuant.

Futures say the opposite. On Binance, Perpetual CVD fell from -$65M on Mar 19 to about -$392M by Apr 24, a -$327M deepening of net selling per the same dataset.

Liquidations tell the story. Since Apr 18, long liquidations dominated, pointing to a leverage flush rather than fresh bearish conviction CryptoQuant chart.

The report calls it a reset. Shorts and normalized funding follow the purge, while spot buyers keep absorbing supply source.

Price holds range support. XRP trades near $1.40 after weeks between $1.30 and $1.50, with slightly higher lows since mid‑March chart.

Key levels and triggers:
- $1.30–$1.35 remains demand. Multiple tests held chart.
- 50D/100D MAs trend down, converging near $1.50–$1.60, capping rallies chart.
- Break above $1.50 opens room toward $1.70 chart.
- Lose $1.30 risks a drop toward $1.10 chart.

Headline: XRP spot demand +$310M, perps −$327M; price boxed in $1.30–$1.50.