"XRP has lost nearly 7% in twenty-four hours and is struggling around 1.10 dollars, but the decline cannot be explained solely by a new wave of selling. Binance data mainly show an absence of buyers aggressive enough to absorb the supply, while U.S. XRP ETFs are no longer providing the support seen previously.
#XRPUSDT🚨 $GOOGLB $GOOGLB $
In brief
XRP fell nearly 7% in 24 hours and is struggling to hold around 1.10 dollars.
On Binance, the negative CVD shows that sellers remain in control of the market.
High XRP deposits on Binance increase the risk of further selling.
U.S. XRP ETFs are no longer providing the capital inflows needed to support the price.
A lasting recovery will depend on buyers returning and selling pressure easing.
Below 1.10 dollars, sellers attack first again
XRP's Cumulative Volume Delta, or CVD, on Binance showed a negative value of around 4.33 million tokens. This indicator calculates the cumulative difference between buy and sell orders executed immediately at the available price"
#XRPUSDT🚨 $GOOGLB $GOOGLB $
In brief
XRP fell nearly 7% in 24 hours and is struggling to hold around 1.10 dollars.
On Binance, the negative CVD shows that sellers remain in control of the market.
High XRP deposits on Binance increase the risk of further selling.
U.S. XRP ETFs are no longer providing the capital inflows needed to support the price.
A lasting recovery will depend on buyers returning and selling pressure easing.
Below 1.10 dollars, sellers attack first again
XRP's Cumulative Volume Delta, or CVD, on Binance showed a negative value of around 4.33 million tokens. This indicator calculates the cumulative difference between buy and sell orders executed immediately at the available price"
