XRP Price at $1.20 Is Telling Two Stories at Once, And One of Them Is Worrying




 The XRP chart this week is one of the strangest setups the token has shown in 2025. The price has climbed back above $1.20 after weeks of choppy movement, but the way it got there is not what most traders expected.

On one side, spot buyers across every major centralized exchange have come back in force. CryptoQuant analyst Amr Taha pointed out that the All CEX Estimated Spot CVD has jumped to $267.4 million, the highest reading the metric has shown since the middle of May. That number was deep in the red just two months ago, so the turnaround is real and measurable.

On the other side, the derivatives picture looks completely different. Binance Perpetual CVD has crashed to a record low of negative $792.5 million. Perp traders are selling XRP heavily even as the spot price climbs back up. Two groups of traders looking at the same token are reaching opposite conclusions, and that does not happen often without a sharp move following it.

The technical chart adds more pressure to the story. XRP tried to push through the daily 50 EMA at around $1.28 and got rejected on the first attempt. The 20 EMA at $1.20 is now acting as the line in the sand. ChartNerdTA on X shared a clean breakdown of the setup, including the double bottom neckline that traders are watching for a bounce. Lose the neckline, and the path opens back to the $1 zone.

Open interest on Binance is still sitting near $251 million, which means the leveraged side of the book has not been cleared. High open interest plus heavy perpetual selling plus a recovering spot bid is the kind of combination that does not stay quiet for long.

For anyone tracking XRP closely or thinking about adding exposure, the next move is going to come from whichever side gives up first. The spot buyers, or the perp sellers.

For the full breakdown, including the CryptoQuant chart, the ChartNerdTA setup, and the deeper read on what the divergence means for the next leg, head over to CryptoNewsLive.org. We cover crypto market shifts the way most outlets do not.

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