XRP rises while shorts pile up: spot buyers absorb the selling pressure
- —Spot CVD for XRP widened by $430 million, from -$2.27 billion to -$2.70 billion, between September 16 and 27
- —Binance volume moved from -$1.0 billion to -$1.2 billion while the price gained roughly 5%
- —Spot netflow stood at -$17.11 million over 24 hours and -$60.33 million over seven days
- —The funding rate remains positive, climbing from 0.0062 to 0.0081
Why it matters: Spot accumulation is absorbing short-side pressure, but an overheating funding rate could put XRP's bullish setup at risk.
Source: AMBCrypto