The Cumulative Volume Delta (CVD) for XRP on Binance currently shows a negative reading of approximately -4.33 million XRP, while the asset is trading at around $1.10. This indicates that market sell orders are currently outweighing buy orders.

This reading reflects a persistent bearish bias in trading activity, as sellers are executing market sell orders that exceed the volume of market buy orders. This is particularly significant given that XRP is trading at relatively low price levels, suggesting that buying demand is still struggling to counterbalance the selling pressure on the platform.

Furthermore, the 30-day average CVD stands at approximately 0.70 , highlighting a divergence between the current cumulative reading and the average observed over that period.

These figures suggest that the balance of trading activity currently favors sellers. XRP's price may remain under pressure if sell orders continue to dominate without sufficient buying demand emerging to absorb them.

However, a negative CVD reading does not necessarily imply that all traders are opening new short positions, as sell orders can also result from closing existing positions or liquidating holdings.

Written by Arab Chain