According to Woofun AI, the XRP price is approaching the psychological threshold of 1 dollar, and active selling in the futures market has a slight advantage; analysts suggest that if this support level continues to fall and the volume of transactions is compounded, it may cause more selling pressure, and so far this price has not been broken.
From a structural point of view, the divergence in capital flows reveals the current game situation. According to data compiled by Woofun AI, the active sale volume of the Binance XRP futures market reached US$175.1 million (approximately 234.1 billion won) on the 11th, slightly exceeding the active purchase volume of US$171.64 million (approximately 229.4 billion won), and the difference was approximately US$3.46 million (about 4.6 billion won). The ratio of active trading turnover is 0.98, which is below the neutral level 1. Trading accounts for 49.5% and 50.5%, respectively. Active trading has a weak advantage.
Meanwhile, the amount of leverage is shrinking. As of the 8th, the 30-day moving average of Binance's XRP open contracts fell to US$453.6 million (approximately KRW 606.3 billion), a new low since September.
Although the indicator rose before the beginning of October, it continued to decline, indicating that existing leveraged positions are being gradually closed, and the shrinking value of dollar-denominated assets has also exacerbated this trend. Notably, the performance of the spot market was quite different. From the 28th to the 9th of last month, the 7-day average XRP spot volume of major exchanges jumped from $513 million (about 685.7 billion won) to 786 million US dollars (about 1 trillion 50.7 billion won), an increase of 53.2%.
The more critical variable is the effectiveness of the $1 support line. CryptoQuant analyst Arab Chain pointed out that if this level continues to fall below, the combined increase in trading volume and the closing of leveraged long positions may trigger more selling pressure. The current price is falling at the same time as the open position contract, which suggests that the bulls are weak in defense. The next trend depends on whether this price can withstand potential liquidation pressure.