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.
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…
