XRP surged approximately 70% as the altcoin market gained $183 billion in just a few days, representing a 20% increase in market cap. However, CryptoQuant data reveals that XRP derivatives selling pressure on Binance is now the strongest since the beginning of 2026. Sell-side dominance reached approximately $96 million, indicating that traders are increasingly betting against the recent rally. Meanwhile, XRP’s Open Interest jumped 14.8% on Binance, signaling growing activity in the derivatives market.
Source: Read the original article
