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XRP faces $2 billion selling pressure as upside bets also cool

XRP has recently faced nearly $2 billion in net selling pressure in spot and perpetual futures markets, with cumulative volume delta sliding from late September to mid-October. Spot and leveraged products both showed heavier selling. Binance and other centralised exchanges recorded deeper negative CVD readings. Derivatives positioning also shrank as open interest fell on Binance and Bybit. Liquidation data showed repeated long liquidations above $10 million, while short liquidation clusters above the current price were larger than long clusters below.