XRP Derivatives Selling Pressure Hits 2026 High as Price Holds Above $1.40

XRP is facing its strongest derivatives selling pressure of 2026, with aggressive bearish positioning on Binance even as the token's price holds above a critical support level following a massive rally. The divergence between the derivatives market and spot prices has become a key focal point for traders. The activity follows a sharp price surge that saw XRP climb approximately 70% from a low near $1.00 on August 17 to a three-month high of about $1.69 by August 22. This rapid advance, which outpaced gains in Bitcoin and Ethereum, triggered a significant pullback. By August 26, XRP had retreated to trade near $1.