What to know:
- XRP liquidations reached February highs as Binance futures selling pressure intensified further.
- Binance open interest and cumulative volume delta declined alongside weakening XRP demand.
- XRP maintained key support levels despite rising volatility and leveraged trader liquidations.
CryptoQuant analyst Amr Taha pointed to mounting pressure across Binance’s XRP market after liquidation activity surged to its highest level since February. In a recent analysis, he noted that weakening spot demand, falling perpetual flows, and declining open interest all emerged together, signaling that leveraged bullish positions were rapidly losing strength.
At the same time, XRP continued trading near the $1.38 level despite growing pressure from derivatives traders. The latest market behavior suggested that sellers maintained control across both futures and spot markets while leveraged longs absorbed the largest losses during recent sessions.
Binance Data Shows XRP Bulls Losing Momentum
Recent Binance liquidation data showed XRP long liquidations climbing to nearly $4.5 million. According to Amr Taha, the data has exceeded the previous February liquidation spike, which appeared when XRP traded near the $1.34 region.
Meanwhile, Binance XRP open interest declined from roughly $247.5 million on April 14 to around $233 million. Falling open interest usually indicates traders are reducing exposure during periods of uncertainty or rising volatility.
Also Read: XRP Supply Shock Builds as Binance Reserves Drop and Buyers Surge
Source: CryptoQuant
Additionally, Binance perpetual cumulative volume delta dropped from nearly negative $474 million to around negative $574 million. That additional $100 million decline highlighted continued aggressive selling across perpetual futures markets. Cumulative volume delta tracks whether buyers or sellers dominate market orders. Consequently, a deeper negative reading often signals that sellers continue controlling trading activity across derivatives exchanges.
Besides that, Binance spot CVD also weakened during the same period. The metric declined by more than $50 million, confirming that selling pressure extended beyond leveraged futures traders into the spot market.
Amr Taha explained that the synchronized weakness across spot and perpetual activity reflected a broader deleveraging phase in XRP markets. Long traders appeared increasingly vulnerable as Binance flows continued deteriorating steadily over recent weeks.
Source: CryptoQuant
What it Means for XRP Price
XRP avoided a deeper collapse despite the heavy liquidation event, showing that buyers still defended important support zones. However, weakening futures activity continued to limit bullish momentum across the market. Moreover, liquidation spikes often remove excessive leverage temporarily, which can sometimes stabilize price action afterward.
Still, Binance metrics currently show sellers maintaining a stronger influence across XRP trading activity. Open interest remains lower, while perpetual and spot flows continue reflecting cautious market sentiment among traders.
If selling pressure persists, XRP could face additional volatility near current support levels. On the other hand, stabilization in Binance flows may help reduce downside pressure during upcoming trading sessions.
XRP’s latest Binance liquidation spike highlighted increasing stress across futures and spot markets as leveraged bullish traders exited positions rapidly. Weakening market flows and declining open interest now suggest XRP remains in a broader deleveraging phase despite holding above important support levels.
Also Read: Huge: Italy’s Largest Bank Just Invested in XRP – Details
