XRP Reclaims $1.20 as Spot Demand Battles Record Binance Perp Selling

yesterday / 22:28 2 sources neutral

Key takeaways:

  • The extreme divergence between spot buying and futures selling hints at a potential short squeeze.
  • Exchange net outflows at 53.1% mirror past local bottoms, indicating accumulation by long-term holders.
  • Record Binance perpetual shorts create a powder keg; sustained spot demand could trigger liquidations.
XRP XRP $1.19 -2.25%

XRP reclaimed the $1.20 level as spot buying surged on centralized exchanges, even as perpetual futures traders on Binance continued aggressive selling. This dynamic created a sharp market split, with spot demand strengthening while derivatives pressure deepened simultaneously.

Data showed the estimated spot cumulative volume delta (CVD) across all centralized exchanges rose to $267.4 million, its highest since mid-May. This marked a strong reversal from April 12, when the same metric was at a negative -$177 million.

In contrast, Binance Perpetual CVD slipped to an all-time low of -$792.5 million, underscoring persistent bearish positioning in leveraged markets. Exchange net outflows climbed to 53.1%, a pattern reminiscent of setups observed near two previous local price bottoms.

Previously on the topic:
Jun 11, 2026, 11:28 p.m.
XRP Pundit Points to Utility and DTCC Integration for Next Rally, Technicals Show Impulse Path Above $3
XRP XRP XRP $1.19 -2.25%
Robust spot demand and exchange outflows reminiscent of prior bottoms battle record perp selling. Short-term consolidation likely, eventual upside if spot absorbs leverage, possible short squeeze.
Sources
XRP Reclaims $1.20 as Spot Demand Battles Record Binance Perp Selling
coinedition.com 17.06.2026 16:10
XRP CVD data shows $1.94B in trades but sellers lead
COINTURK NEWS 17.06.2026 22:11
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