From Coinpedia · By Shubham Vishwakarma
Story HighlightsXRP is struggling to hold above $1.10, with a break below this support potentially exposing the $0.99 region.
Binance's Cumulative Volume Delta (CVD) shows a negative reading of approximately 4.33 million XRP, indicating that market sell orders are outweighing buy orders.
Persistent selling pressure raises downside risks, while a recovery in buying activity is needed to improve the short-term outlook.
The broader crypto market crash is putting XRP’s recovery prospects at risk, with the token struggling to hold above the crucial $1.10 support level. Selling pressure is intensifying as Binance trading data shows a deeply negative Cumulative Volume Delta (CVD), indicating that market sell orders are outweighing buy orders.
Advertisement As bearish pressure spreads across the crypto market, can XRP price hold $1.10, or is another decline approaching?
Binance CVD Signals Stronger Selling Pressure
On-chain trading activity shows concern for XRP bulls. The latest Binance Cumulative Volume Delta (CVD) reading stands at approximately -4.33 million XRP, indicating that market sell orders are currently exceeding market buy orders.
CVD tracks the difference between aggressive buying and selling activity. A negative reading suggests that sellers are executing more market orders than buyers, reflecting stronger immediate selling pressure.
The 30-day average CVD stands near 0.70 million, highlighting a notable shift in trading activity compared with the recent average. This suggests that aggressive selling has become more pronounced on Binance.
XRP Price Analysis: Can Buyers Defend $1.10?
XRP’s latest price action shows a weakening short-term structure. After trading around the $1.10–$1.20 region, the token faced renewed selling pressure and moved toward the $1.10 support area. The latest decline also pushed the price below nearby support levels, suggesting buyers have struggled to maintain control.
The $1.10 region is now a critical area to watch. A sustained hold above this level could help XRP stabilize and attempt a recovery toward its previous trading range. However, a decisive breakdown could weaken the price structure further and expose the next major support near $0.99.
Is $0.99 the Next Support?
XRP’s near-term outlook remains cautious as weakening price action coincides with negative CVD readings. The combination suggests sellers currently have the upper hand, while buying demand has yet to show enough strength to reverse the trend.
A sustained defense of $1.10 could help XRP establish a base and encourage a recovery attempt. However, continued selling pressure and a failure to attract fresh buying interest could expose the $0.99 region.