XRP Price Sees Diverging Forces Amid Network Activity Surge

XRP's price has been on a downward trend for six months, but spot buyers are accumulating the cryptocurrency. According to CryptoQuant data, Binance spot Cumulative Volume Delta (CVD) has climbed to $451 million on the buy side, while leveraged traders are heavily short.

This setup is known as a pre-squeeze structure, where spot buyers absorb selling pressure from derivatives traders, reducing the supply available to push prices lower. If this trend continues, short positions could become a liability for leveraged traders.