XRP Spot Buyers Are Getting Stronger While Futures Traders Are Selling – Learn What That $700M Split Means

The perpetual data requires careful interpretation. Futures net selling of this scale can mean one of two things: genuine bearish conviction from informed participants, or a mechanical clearing of excess leverage from a market that had accumulated too many crowded longs. The liquidation data since April 18 clarifies which is happening. Long liquidations have dominated XRP’s derivatives activity — forced exits from overleveraged positions rather than deliberate short-side bets against the asset.

XRP Exchange Liquidation Metrics | Source: CryptoQuant

That distinction changes everything. Each long liquidation removes a fragile position from the market and replaces it with a more stable price structure. The fresh short positioning that followed is contributing to funding rates normalizing toward neutral, which is precisely what a healthy derivatives reset looks like before a market attempts to move higher.

What the CryptoQuant report describes is not a market under sustained bearish assault. It is a market conducting the internal cleanup that typically precedes the next directional leg. Spot buyers are absorbing supply on one side. Derivatives are flushing excess leverage on the other. When both processes complete, the structure that remains tends to be considerably more durable than the one that existed before the reset began.

XRP Holds Range Support as Market Compresses Toward Decision Point

XRP continues to consolidate around the $1.40 level, with price action reflecting a prolonged equilibrium following the sharp February breakdown. The chart shows a clear shift from trending behavior to range-bound structure, with XRP holding between roughly $1.30 support and $1.50 resistance for several weeks. This compression phase suggests that both buyers and sellers are absorbing liquidity without establishing directional control.

XRP consolidates above $1.40 | Source: XRPUSDT chart on TradingView

The recent bounce from the $1.30–$1.35 zone is technically relevant. That area has acted as a consistent demand region, with multiple tests holding despite broader market volatility. The formation of slightly higher lows since mid-March indicates early accumulation, though not yet strong enough to break the broader downtrend.

Overhead, resistance remains well-defined. The 50-day and 100-day moving averages are both trending downward and converging near the $1.50–$1.60 region, creating a dynamic ceiling that has rejected recent upside attempts. Until XRP reclaims this zone, the structure remains neutral-to-bearish on higher timeframes.

Volume has declined throughout the consolidation, reinforcing the idea of a market waiting for a catalyst. A breakout above $1.50 would likely trigger expansion toward $1.70. Failure to hold $1.30, however, would expose XRP to a deeper retrace toward the $1.10 region.

Featured image from ChatGPT, chart from TradingView.com