XRP derivatives sell pressure has hit a year-to-date high, with Binance net taker volume dropping to -$96 million. Despite this selling pressure, Binance Open Interest rose by approximately 14.8%, indicating new positions continue to be opened. The 90-day Taker CVD reading shows sell dominance, confirming that more traders are hitting the sell side. Whale orders have returned, coinciding with the price rebound and suggesting larger participants are stepping in. The next move for XRP will depend on whether demand can absorb the futures selling or trigger a short squeeze.
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