XRP (XRP) is facing its strongest sell-side pressure on derivatives since the start of 2026, even as open interest keeps climbing and large upcoming orders return to the market.
Key points:
Net taker volume on Binance fell to -$96 million, signaling the most pronounced sell-off push of the year.
The open interest on Binance has risen by about 14.8%, indicating that traders continue to open positions despite a clear bearish bias.
Large upcoming orders appeared during XRP’s rebound, while taker flows remain dominated by sellers.
Selling pressure on XRP
Activity in XRP derivatives noticeably intensified after Binance’s net seller volume fell to -$96 million, a threshold that corresponds to the most pronounced phase of aggressive selling observed this year. Selling pressure is abnormally high.
These data come in as open interest on Binance has increased by about 14.8%, indicating that traders are continuing to take positions rather than massively desert the futures market. So fresh leverage is still flowing in.
This combination is crucial: a declining net seller volume, coupled with rising open interest, indicates the arrival of new positions in a market where sellers remain more aggressive than buyers. The pullback therefore isn’t just due to reduced participation.
The measure of the cumulative volume delta of sellers over 90 days also highlights a « sales domination », according to CryptoQuant data cited in the report, reinforcing the bearish signal already visible in the activity of sellers on Binance.
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Activity on Binance futures
This selling pressure hasn’t driven away the most important players. The average size of orders on XRP futures shows the return of large orders around the token’s recent rebound, suggesting that the most capitalized traders have come back as activity intensified.
Futures volumes have also shifted into the « overheating » and « strong overheating » zones on CryptoQuant’s heatmap, a sign of broader participation, even though seller flows remain oriented toward selling. The overall signal therefore remains mixed.
The next phase will depend on the ability of demand to absorb this selling pressure.
If the pressure persists, XRP could remain in a consolidation phase. Conversely, a more pronounced bullish move would put short sellers under strain and could trigger a short squeeze.
XRP had already strongly rebounded from its recent lows before these derivative-based signals strengthened, creating a marked contrast between a better-oriented price, increased participation on futures, and seller-dominated flows.
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