XRP faces nearly $2B in net selling pressure since late September
- —Spot XRP CVD on CEXs fell from -$1.9B to -$3.2B
- —Binance perpetual CVD dropped $688M to -$1.5B
- —Open interest on Binance and Bybit fell 175M XRP, or 26.5%
- —Short liquidation clusters above price total $54.7M vs $14.2M in longs below
Why it matters: Deleveraging plus larger short clusters above price raise the odds of a short squeeze if spot selling eases.
Source: Digital Today