XRP rises 5% despite selling pressure in spot and perpetual markets

  • XRP rose about 5% between September 16 and September 27 despite heavier selling.
  • Cumulative Volume Delta fell from negative $2.27 billion to about negative $2.70 billion.
  • XRP exchange outflows reached $60.33 million over seven days, while funding remained positive.

XRP rose about 5% between September 16 and September 27 despite intensifying selling pressure, particularly among Binance traders and participants in perpetual futures. The Cumulative Volume Delta fell from negative $2.27 billion to about negative $2.70 billion, indicating that net selling increased by roughly $430 million. Binance traders’ selling volume moved from negative $1.0 billion to about negative $1.2 billion. At the same time, XRP exchange netflows showed $60.33 million in net outflows over the past seven days, suggesting spot investors were moving coins to private wallets and helping absorb derivatives-market selling. XRP’s Funding Rate remained positive, rising from 0.0062 to 0.0081, indicating that long positions continued to outnumber short positions in the perpetual market. The latest data also showed $17.11 million in net XRP outflows over the previous 24 hours. The report said XRP could maintain its upward trend if spot buying continues and positive funding does not become overheated.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.