XRP News Today: BNB Shows Strong Buy Pressure Amid 4.37% Dip and $200M Open Interest Drop

Binance Coin (BNB) is showing early signs of bullish re-accumulation following a short-term pullback from its all-time high of $861, recorded on July 31, 2025. The recent decline of 4.37% coincided with a reduction in Open Interest of approximately $200 million, as traders deleveraged positions amid profit-taking. Despite this correction, order book data reveals a strong bid-side imbalance, with a bid-to-ask ratio of nearly 2:1, indicating increased buying pressure from long-term investors [6].

BNB’s price action over the past five weeks has demonstrated robust momentum, climbing from the $600 level to reach record highs. The current support at $800 has absorbed sell pressure effectively, allowing for a 1.52% intraday recovery. This level is proving to be a crucial psychological and technical base, with on-chain indicators suggesting that buyers are positioning for a potential re-accumulation phase ahead of the next upward move [6].

Stealth accumulation is evident in the order book, where bids below the current price, particularly around $780, are absorbing available supply without triggering significant price swings. This behavior is consistent with a pattern observed before major breakouts, where large buyers accumulate quietly before initiating aggressive entry into the market. The growing spot cumulative volume delta (CVD) and increased bid-side aggression are early signs that the next phase of price discovery may be approaching [6].

Analysts from Mitrade and CoinCentral have highlighted the growing strength in BNB, with some forecasting the potential for a doubling in value over the coming months [1][2]. This optimism is supported by rising transaction volumes on the BNB Chain, which have seen significant 24-hour increases, reflecting stronger network activity and usage. Additionally, broader market conditions, including increased Ethereum ETF inflows and a more bullish sentiment toward digital assets, are creating a favorable backdrop for altcoins like BNB [5].

While BNB’s pullback is seen as a healthy correction in an ongoing uptrend, on-chain data indicates reduced selling pressure and increased buying activity at lower price levels. This suggests that the market may be preparing for a new breakout phase, especially if bid-side accumulation continues and spot flows begin to lead perpetual contracts. A sustained move above the $860 resistance could signal a new chapter in BNB’s price trajectory, with long-term investors closely watching for confirmation [2].

The coming weeks will be critical for BNB as it tests key levels and builds on recent momentum. A successful re-accumulation phase followed by a breakout could reinforce BNB’s position as one of the leading altcoins, particularly in a market environment that is increasingly supportive of non-Bitcoin cryptocurrencies [5].

Source:

[1] Mitrade - [https://www.mitrade.com/au/insights/news/live-news/article-3-1000013-20250731](https://www.mitrade.com/au/insights/news/live-news/article-3-1000013-20250731)

[2] CoinCentral - [https://coincentral.com/xrp-price-prediction-how-will-xrp-and-bnb-perform-in-august-this-rival-token-is-set-to-continue-soaring/](https://coincentral.com/xrp-price-prediction-how-will-xrp-and-bnb-perform-in-august-this-rival-token-is-set-to-continue-soaring/)

[5] CoinDesk - [https://www.coindesk.com/markets/2025/07/31/eth-going-to-usd16k-in-this-cycle-analyst-explains-why-this-could-happen](https://www.coindesk.com/markets/2025/07/31/eth-going-to-usd16k-in-this-cycle-analyst-explains-why-this-could-happen)

[6] CryptoQuant - [https://cryptoquant.com/insights/quicktake](https://cryptoquant.com/insights/quicktake)