Sellers Rule XRP Futures Across Three Exchanges

XRP recently climbed to $1.58, but futures data indicates that sellers have begun taking control across three major exchanges. 

This is according to data from CryptoQuant’s XRP Taker Buy/Sell Ratio metric. For the uninitiated, the indicator compares aggressive buying with aggressive selling.

A reading above 1 indicates buying activity, while a reading below 1 shows that sellers are handling more of the order flow. XRP’s ratio has now fallen below 1 across the exchanges tracked by CryptoQuant, suggesting that selling pressure is growing while the spot price pushes higher.

OKX Shows the Strongest Selling Pressure

OKX currently has the weakest reading among the three exchanges, with its Taker Buy/Sell Ratio at about 0.79. Binance follows at around 0.94, while Bybit records a reading of 1.00.

The 0.79 reading on OKX shows a large gap between aggressive sellers and buyers. Notably, sellers are accounting for a much larger share of the futures order flow, not just holding a slight advantage. 

This could show that the market is witnessing increased short positioning among some derivatives traders as XRP tries to maintain its recent gains.

Binance Sees Selling Pressure as Whales Move XRP

Binance shows a smaller imbalance, although its 0.94 ratio still means that selling volume exceeds buying volume. The reading sits much closer to the neutral 1.00 level than OKX’s 0.79, indicating that the selling pressure on Binance remains more moderate.

Meanwhile, CryptoQuant data shows that whales withdrew more than 231 million XRP from Binance in one day. The tokens were worth more than $335 million at the time, making it Binance’s largest whale outflow in six months. 

Large withdrawals can reduce the amount of XRP available for immediate selling on an exchange, which could partly explain why Binance has seen less selling pressure than OKX. Binance’s smart-money sentiment remains bearish, although XRP’s price has not yet confirmed a breakdown.

Bybit presents a different picture. Its Taker Buy/Sell Ratio stands at 1.00, showing that aggressive buying and selling remain roughly balanced. The reading puts Bybit in a position of near-equilibrium, unlike the stronger selling pressure seen on OKX and Binance.

XRP Sees $52.95M in ETF Inflows

While futures traders are showing strong selling activity, institutional flows are moving in the opposite direction. Data from SoSoValue shows that XRP ETFs recorded inflows for three consecutive days, bringing the total to $52.95 million. This puts the funds on track for their strongest weekly performance since late August.

The latest figures include $18.04 million in net inflows into spot XRP ETFs on Sept. 23 alone. The inflows pushed the combined net assets of these funds to $1.65 billion. This sustained ETF demand contrasts with the selling pressure visible in XRP futures.

XRP is also trading above its 200-day EMA, an important long-term trend indicator. However, continued selling in the futures market could put that strength under pressure. Analysts currently identify the $1.45 area as the first key support level to watch.