XRP Short Positions Surge on Binance as Whale Supply Hits 4-Year Lows
Aggressive short sellers are crowding into XRP on Binance, pushing open interest up nearly thirty percent as sell-side volume spikes. However, whale exchange deposits have plunged to four-year lows, leaving sell-side liquidity thin. With on-chain addresses at two-month highs and market fear peaking, conditions are ripe for a sharp squeeze.
XRP is battling to maintain the one-dollar threshold as derivative traders stack heavily on the short side. Binance open interest climbed twenty-eight percent to two hundred thirty-two million dollars in two weeks, while perpetual cumulative volume delta plunged to negative four hundred sixty-three million dollars. This sharp divergence proves fresh bearish bets are driving market expansion rather than simple long liquidations.
Spot markets mirror the aggressive derivative bias, with aggregate exchange volume delta swinging by nearly four hundred million dollars into net selling. Yet behind the heavy shorting lies a crucial supply dynamic. Binance whale inflows have collapsed to a three-month average of sixty-one million dollars their lowest level since twenty twenty-one. The sell-side pipeline is running dry even as traders pile into short positions.
Social sentiment across major platforms has cratered to three-month lows, creating a classic contrarian setup. On-chain activity is flashing life with active addresses surging past forty-nine thousand in twenty-four hours. Heavily crowded short positions combined with dwindling exchange supply leave bears exposed to a severe squeeze if spot demand returns.