XRP struggles to hold the $1 level, trading at $0.998 at press time. Open interest on Binance surged 28.6% to $232.7 million between August 3 and August 17, signaling increased bearish positioning. Binance perpetual Cumulative Volume Delta fell to negative $463.2 million, while All-CEX spot CVD flipped to negative $231.8 million, showing aggressive sell-side execution. Whale deposits to Binance collapsed to $61 million on a three-month average, the lowest since 2021, down from $456 million in January 2025. Despite crowd sentiment hitting a three-month bearish peak on social media, on-chain activity remained strong with 49,929 active addresses in a single 24-hour period.
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