XRP is showing strength as the market recovers from February&#8217;s lows, with the 
price pushing above $1.46 and derivatives activity rebuilding across major 
exchanges. The move is constructive on the surface — but a CryptoQuant report 
tracking the flow data beneath the price action has identified a structural 
divergence that complicates the straightforward bullish reading considerably. 
Related Reading: Altcoin CEX Volume Ratio Hasn’t Looked Like This Since The 
2021 Bull Run: Capital Rotation Or Bear Market Rally? The open interest 
picture confirms that leverage is returning. On Binance, XRP open interest has 
climbed from approximately 207 million on April 30 to nearly 232 million today 
— a meaningful increase in derivatives positioning over a short period that 
reflects growing trader participation as the price recovers. In isolation, 
rising open interest during a price advance is a normal feature of a 
strengthening market. The CryptoQuant analysis looks beyond the open interest 
number to what is driving it — and that is where the divergence emerges. The 
relationship between price action, spot demand, and perpetual futures flow is 
not telling a single coherent story. It is telling three different stories 
simultaneously, and the gap between them is the signal that determines whether 
the current move represents genuine recovery or a derivatives-driven advance 
without the underlying demand structure to sustain it. Understanding which 
story the data ultimately supports is what separates a breakout from a 
headfake — and it is the question the CryptoQuant report is built to answer. 
Price Up. Spot Demand Flat. Futures Fighting the Move. This Is Not a Clean 
Breakout The CryptoQuant data identifies the specific tension beneath XRP&#8217;s 
advance with precision. Binance Perpetual CVD has dropped to approximately 
-$434 million — its lowest current reading — even as open interest on the same 
exchange continues climbing. Two metrics moving in opposite directions on the 
same venue confirm the central finding: perpetual futures traders are not 
riding the price recovery. They are selling into it, or at a minimum, 
positioning defensively against it. The spot market adds a second layer of 
concern. All CEX Estimated Spot CVD has declined to approximately $575 million 
despite XRP pushing above $1.46. If the move were being driven by genuine, 
broad-based spot accumulation, that number would be rising alongside the 
price. It is not — which weakens the case that real underlying demand is 
powering the advance. The leverage rebuild is not isolated to Binance. On May 
11 alone, open interest increased by approximately $18 million on Binance, 
$10.4 million on OKX, and $8.5 million on Bybit — a combined $36.9 million 
added across three major venues in a single session. Derivatives participation 
is expanding across the ecosystem simultaneously. The structure that emerges 
from all three data points is specific and honest. Price is rising. Leverage 
is rebuilding. Spot demand is not following. That combination does not 
describe a bullish breakout — it describes a derivatives stress test, where 
the market is determining whether organic demand is strong enough to validate 
a move that futures positioning is currently fighting rather than supporting. 
Related Reading: Ethereum Cools Off Below $2,450 – Lower Leverage Sets The 
Stage For A Breakout XRP Holds Recovery Structure While Bulls Test Key 
Resistance XRP is trading around $1.44 after spending several weeks 
consolidating above the critical support zone that formed following February’s 
capitulation event. The chart shows a market attempting to transition from 
defensive stabilization into early recovery, but momentum remains constrained 
beneath a major resistance cluster. Technically, XRP has improved considerably 
from the February lows near $1.10. Buyers successfully reclaimed the 50-day 
moving average and pushed the price back into the $1.40–$1.50 region, which 
now functions as the most important short-term battleground. That area has 
repeatedly rejected upside attempts since March, showing that supply remains 
active whenever XRP approaches breakout territory. Related Reading: 14,600 
Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It 
Below $80K At the same time, sellers have failed to force a meaningful 
breakdown despite multiple pullbacks. XRP continues printing higher lows from 
the April bottom, while the short-term moving average is beginning to flatten 
beneath price. That combination suggests bearish momentum is weakening 
gradually rather than accelerating. Volume also supports the consolidation 
narrative. Trading activity remains far below the panic-driven spikes seen 
during February’s collapse, indicating the market has moved out of forced 
liquidation conditions and into a more balanced environment. The broader 
structure still remains fragile while XRP trades below the 100-day and 200-day 
moving averages. However, if buyers reclaim and hold above the $1.50 region, 
the next upside target would likely emerge near $1.65–$1.70. Featured image 
from ChatGPT, chart from TradingView.com

XRP Breaks $1.46 Despite $434M In Futures Selling – Discover What Comes Next

Vietnam eyes a Q3 launch for its regulated crypto market as officials move 
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Bitcoin price held firmly above the key $80,000 psychological support on 
Tuesday after hotter-than-expected U.S. CPI data briefly triggered volatility 
across risk assets, with bulls now attempting to regain momentum toward the 
$85,000 region. According to data from crypto.news, Bitcoin…

Bitcoin bulls defend $80K support after hot U.S. CPI report, will BTC reclaim $85K?

The executive order may shift housing market dynamics, prompting institutional 
investors to alter strategies, potentially affecting home affordability.
The post Trump signs executive order banning Wall Street firms from buying 
homes appeared first on Crypto Briefing.

Trump signs executive order banning Wall Street firms from buying homes

The SPR release highlights geopolitical tensions&#8217; impact on global energy 
security, potentially influencing economic stability and market dynamics.
The post US releases 53.3M barrels from Strategic Petroleum Reserve as Trump 
discusses Iran and energy security with Xi Jinping appeared first on Crypto 
Briefing.

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Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 
to fund a push into financial technology, raising $73 million in the process. 
Related Reading: Bitcoin Bulls Awaken As Rare Golden Cross Signal Flashes On 
Charts The crypto wallet company cut its Bitcoin holdings from 1,704 to 628 
coins by March 31 — a reduction of roughly 63% — with nearly all the proceeds 
directed toward acquiring W3C Corp., the parent company of fintech firms 
Monavate and Baanx. Revenue Takes A Sharp Hit The Bitcoin sales came as Exodus 
reported a steep drop in earnings. Total revenue for the quarter ended March 
31 fell to $22.7 million, down from $36 million during the same period a year 
ago — a decline of nearly 37%. Exchange aggregation, which accounts for the 
bulk of company income, took the hardest hit, falling almost $14 million as 
user trading activity slowed significantly. Monthly active users slipped from 
1.6 million to 1.5 million year over year. Quarterly funded users dropped even 
more sharply, falling 22% to 1.4 million from 1.8 million. Exodus pointed to 
macroeconomic pressures — including revised Federal Reserve growth projections 
and uncertainty around tariff policy — as contributing factors. The company 
also warned that price swings in digital assets could continue to affect its 
results in coming quarters. Net Loss More Than Doubled The financial results 
reflected more than just a drop in trading. Exodus posted a net loss of $32 
million for the quarter, compared to a nearly $13 million loss in Q1 2025. The 
company&#8217;s broader digital asset portfolio recorded a net loss of $36.4 
million, driven by $76.8 million in unrealized losses, though partially offset 
by $40.4 million in realized gains on asset exchanges. On the balance sheet, 
cash and cash equivalents rose sharply. The company ended the quarter with 
nearly $73 million in cash, up from just $4.9 million at the close of 2025. 
New Products In The Pipeline Even as the core business contracted, Exodus 
rolled out a new product. XO Cash, a stablecoin toolkit built on Solana with 
payments company MoonPay, allows AI agents to make purchases through Visa&#8217;s 
payment network without exposing user private keys. Related Reading: Shiba Inu 
Bullish Momentum Explodes As Buying Pressure Intensifies Featured image from 
Getty Images/GeorgeManga, chart from TradingView

XRP Breaks $1.46 Despite $434M In Futures Selling – Discover What Comes Next

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