XRP Reclaims $1.20 as Spot Demand Battles Record Binance Perp Selling
Share:
XRP reclaimed the $1.20 area as All CEX Estimated Spot CVD climbed to $267.4M, the highest since mid‑May and a reversal from -$177M on April 12, indicating stronger spot demand across CEXs. At the same time Binance perpetual CVD plunged to a record -$792.5M and withdrawals rose to 53.1%, creating a sharp divergence between spot accumulation and derivatives selling and echoing setups near two prior local lows. The split raises short‑term risk for price despite improved spot adoption in the crypto markets.
Predictions Markets
See what traders are focused on
- Spot CVD climbed to $267.4M as XRP reclaimed the $1.20 area despite perp selling.
- Binance Perp CVD fell to a record -$792.5M even as exchange spot demand improved.
- Withdrawals rose to 53.1%, repeating a setup seen near two earlier local lows.
XRP reclaimed the $1.20 area as spot buying strengthened across centralized exchanges, while Binance perpetual traders continued selling into the rebound. The move created a sharp market split, with spot demand rising and derivatives pressure deepening at the same time.
Chart data showed All CEX Estimated Spot CVD rising to $267.4 million, its highest level since mid-May. That marked a strong reversal from April 12, when the same metric stood at -$177 million.
Spot CVD Rises As Binance Perp Selling Hits Record Low
The recovery came despite Binance Perpetual CVD dropping to a record -$792.5 million. On May 12, the same me…
Read The Full Article XRP Reclaims $1.20 as Spot Demand Battles Record Binance Perp Selling On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
David Schwartz Defends Ripple’s XRP Strategy as Token-Equity Debate Returns
