XRP holds near $1.40 despite record spot selling

• —Open interest in XRP on Binance fell from $323 million to $219 million over 4 weeks (-32%)
• —Spot CVD on CEXs worsened from -$111 million to -$2.1 billion — selling is three times higher than futures
• —XRP holds above the 20-week EMA of $1.29, with the price around $1.40
• —A break above $1.40 opens the $1.60–1.70 target, while a drop below $1.29 risks a move to $1.00