XRP cooling momentum: CVD and leverage reset ahead of expansion
On-chain data suggests XRP is entering a reset phase after a strong accumulation run. XRP’s Spot Taker CVD shows cooling: buy dominance drove price toward $3.0–$3.2, but sell pressure later formed red clusters near local highs, signaling distribution and profit-taking. By early 2026, both buy and sell pressure flattened, implying neither side controls the tape.
Derivatives confirm the change. XRP’s estimated leverage ratio fell from ~0.6 to ~0.3 after an unwind on Binance. The prior high leverage amplified the rally toward ~$3.20, then price reversed toward ~$1.39, triggering liquidations. Open Interest dropped about 60% (from ~2.6B to ~1.0B), indicating speculative excess was cleared rather than merely rotated.
Retail demand appears to be building even as momentum cools. Small-balance addresses rose to 5.66M, non-empty wallets exceeded 7.7M, and daily active addresses hit a five-week high (~46,767). Price moved toward ~$1.60 alongside this grassroots activity. Liquidity looks balanced: spot volume is around $1.7–$1.8B and open interest remains roughly $2.3–$2.4B, while whales reportedly hold over 83% of supply and accumulate selectively.
Overall, the message is that XRP is resetting—conditions may be forming for a more measured upside move if conviction returns.
Neutral
该报道将“XRP的扩张”前置条件落在两件事上：方向性动能冷却，以及投机杠杆的清洗。CVD从累积期的单边抬升转为买卖双方平衡，通常更像是“耗尽而非反转”，需要等待新的共识重建。与此同时，XRP杠杆率从~0.6降到~0.3、Open Interest约-60%，与市场从高波动投机转向更稳健参与的历史模式相符——这类“去杠杆重置”短期往往抑制追涨冲动，但中长期会降低脆弱性，为更持续的现货吸筹提供空间。
对交易者而言：短线可能继续横盘或反复（动能不足）；但若零售与流动性结构能持续（如活跃地址上行、现货成交与未平仓保持平衡），一旦CVD重新走强，XRP更可能出现“温和上行后的再加速”。因此整体更偏中性：等待确认，而不是追空或无脑追多。