XRP futures data on Binance shows near-zero net selling pressure at $1.47, with open interest stable near 290M, pointing to bullish continuation ahead.
XRP pulled back from near $1.50. Most traders saw a red candle. What the futures data showed was something else entirely.
Crypto analyst CW (@CW8900) posted his read on Binance XRP/USDT perpetuals on April 18. He is a CryptoQuant-verified author. His call was direct XRP is “taking a break,” not reversing.
Open interest held steady near 289 to 290M during the dip. That number matters. Flat OI during a price drop means traders are not running.
The Futures Position Nobody Is Talking About
Net longs sat at roughly +48.59M. The line did not drop sharply, according to CW on X. That is the core of his thesis bearish conviction in the futures market is almost absent right now.
Price touched around $1.4689 on the 1-hour chart as of 14:56 UTC. Volume came in near 12M XRP with mixed bars. Classic consolidation behavior, not distribution.
Community response was split. One user threw out a “61% down” figure likely referencing a different timeframe entirely. Others pointed out that sideways action breaks both ways. A few were flatly bullish.
The post pulled 2,000+ views and 64 likes. Not a viral take. Standard engagement for futures-based TA on an altcoin mid-consolidation.
Back to that open interest figure. Stable OI while price dips has one consistent read in futures markets. Holders are staying put. No forced liquidations. No major unwinding.
$1.50 Is the Number
XRP has been grinding inside the $1.30 to $1.50 range for weeks. That followed earlier gains that pushed the asset off lower levels. The broader ETF inflow picture has held relatively firm even as other crypto funds bled outflows.
CW’s chart shows the rally peaked near $1.50. The current structure is holding above recent consolidation support. A clean break above $1.50 to $1.52 is what he points to as the trigger for continuation. Targets from separate analyses sit around $1.62 and higher.
Support at roughly $1.40 is the bear case. If that cracks, the correction runs deeper. CW acknowledged the risk but called it unlikely given where positioning sits.
Futures data is one signal. Spot CVD, on-chain volume, and BTC correlation all still matter here. The positioning picture is bullish. Confirmation has to come from somewhere else.
This article reflects technical analysis from cited sources and does not constitute financial or investment advice.
