Investment
Features
FeesSafety
Academy
More
Pluang+

XRP price rises 5% despite $430M net selling and strong Binance trader pressure

Technical Signals
29 Sep 2026
Blockonomi
View Source
Bullish
XRP price rises 5% despite $430M net selling and strong Binance trader pressure

XRP's price increased about 5% between September 16 and 27, even as net selling volume grew by approximately $430 million, mainly driven by heavy selling from Binance traders. The Cumulative Volume Delta dropped to negative $2.70 billion, indicating more selling than buying. However, spot investors have been withdrawing $60.33 million worth of XRP from exchanges, signaling long-term holding intentions that helped support the price. Additionally, the Funding Rate stayed positive, suggesting more traders are betting on price gains. If spot buying continues and the Funding Rate remains positive, XRP's upward trend could persist.

As of Sep 29, 2026 17:02 WIB, XRP trades at Rp27.139 on Pluang, showing a 1-day gain of 2.19%. This price sits within a circulating supply of 62.9 billion XRP, which is 63% of the total 100 billion XRP. Despite significant short selling noted in the news, Pluang data shows a stronger buy interest with 60% buy orders versus 40% sell, and a typical hold time of 71 days, indicating sustained investor confidence.

More News (XRP)

XRP struggles below $1.50 as US Treasury yields hit 19-year highs, pressuring crypto markets.

XRP struggles below $1.50 as US Treasury yields hit 19-year highs, pressuring crypto markets.

XRP traded near $1.47 on September 29, down about 1.4%, pressured by rising US Treasury yields hitting levels not seen since 2007. The 10-year yield reached 5.27%, and the 30-year yield surpassed 5.5%, tightening financial conditions alongside a stro...

Market News
Neutral
4 hours ago
Citi partners with Coinbase to integrate stablecoins into corporate banking, expanding $311B market.

Citi partners with Coinbase to integrate stablecoins into corporate banking, expanding $311B market.

Citi has partnered with Coinbase to enable its institutional clients to accept stablecoin payments and convert fiat into stablecoins via Citi’s Virtual Account Wallet. This move integrates blockchain-based stablecoins directly into corporate banking,...

Market News
Bullish
4 hours ago
Citi partners with Coinbase to integrate stablecoins into corporate banking, expanding crypto use in finance.

Citi partners with Coinbase to integrate stablecoins into corporate banking, expanding crypto use in finance.

Citi has partnered with Coinbase to use its Virtual Account Wallet for converting fiat to stablecoins and enabling stablecoin payments for institutional clients. This move integrates stablecoins directly into corporate banking, allowing companies to ...

Market News
Bullish
4 hours ago
XRP availability on Binance hits lowest scarcity index since Jan 2025, signaling increased supply pressure.

XRP availability on Binance hits lowest scarcity index since Jan 2025, signaling increased supply pressure.

The Binance scarcity index for XRP, which measures how much XRP is available on the exchange relative to historical levels, has dropped to its lowest point since January 2025. This indicates a significant increase in XRP supply on Binance, making the...

Technical Signals
Bearish
4 hours ago
XRP availability on Binance rises as scarcity index hits lowest since Jan 2025, easing supply concerns.

XRP availability on Binance rises as scarcity index hits lowest since Jan 2025, easing supply concerns.

The XRP Binance Scarcity Index has dropped to its lowest point since January 2025, indicating increased XRP liquidity on Binance. This suggests more XRP is available for trading, easing previous supply constraints noted since late 2024. Market sentim...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App