XRP continues its upward trajectory despite significant selling pressure in the perpetual futures market. The Cumulative Volume Delta expanded by 430 million dollars between September 16 and September 27, moving from -2.27 billion to -2.70 billion dollars, with Binance traders contributing heavily to this bearish trend as exchange volume shifted from -1.0 billion to -1.2 billion dollars. This pressure did not prevent a 5% price appreciation over the period, supported by notable Spot market accumulation with netflows of -60.33 million dollars over seven days and -17.11 million dollars over 24 hours. The positive Funding Rate, which rose from 0.0062 to 0.0081 since September 16, confirms a majority positioning in favor of long positions. XRP could maintain its bullish trend if Spot accumulation continues and the Funding Rate remains positive without entering an overheating zone.
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