XRP Spot Buyers Add $520M as Futures Stay Short on Binance
Binance data splits on XRP: spot CVD +$520.2M vs perp CVD -$261M; price compresses near $1.32
Spot buyers are accumulating XRP on Binance, while futures traders stay net short. Price holds in a tight range.
CryptoQuant tracks a spot CVD near $520.2 million on Binance. That’s cash buying into spot during uncertainty source.
At the same time, perp CVD sits around -$261 million. Derivatives positioning stays defensive, adding short exposure as spot demand absorbs it source.
Support comes from spot, not leverage. Futures haven’t flipped to confirm the move. The standoff ends when one side exhausts.
The chart stays bearish. Price trades near $1.32, below the 50, 100, and 200‑day MAs, all trending down. February’s break of $1.70–$1.80 drove a move to $1.20, which now anchors range support. Rebounds keep printing lower highs, and attempts above $1.50 failed.
Key levels and triggers:
- $1.20 support. A break opens downside with thin bids below
- $1.50 reclaim. First step to neutralize near‑term resistance
- $1.70 acceptance. Marks a structural shift above the February breakdown
- Derivatives flow. A shift from defensive to neutral/long would amplify spot support source
