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Guavy AI Editorial Team••Sentiment: 2•Clout: 82

XRP Spot Demand Surges as Futures Traders Remain Cautious

XRP

Ripple's XRP has seen a notable disparity between its spot and futures markets in recent times.

While demand for the asset appears to be improving in the spot market, futures traders remain hesitant and doubtful.

XRP has been holding steady near $1.14 despite a significant drop in Open Interest (OI) from above $1 billion to around $823.8 million, according to CryptoQuant data.

This indicates that the support for XRP may not be coming primarily from aggressive futures positioning, but rather from spot-led buying activity.

The Spot Taker CVD chart shows clear taker-buy dominance earlier, before moving into a more neutral zone, with buyers being more aggressive in the spot market initially.