Binance $XRP CVD Confirmation Score data shared by CryptoQuant reveals that selling pressure on $XRP continues and that a real recovery in demand has not yet been observed on the market.
The CVD Confirmation Score indicator evaluates price movements along with Cumulative Volume Delta (CVD) data. CVD measures the net difference between buy and sell orders executed in the market, and the indicator is used to analyze whether the price trend is supported by actual liquidity flows.
According to the data, the $XRP The price has gradually declined over the past few months, from levels above $2 to around $1.07. During the same period, the value of $XRP The CVD on Binance was recorded at around minus 6.93 million.
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The fact that the CVD is in negative territory indicates that executed sell orders are higher than buy orders. This suggests that selling pressure is still stronger than buying interest on the Binance spot market.
$XRPThe 30-day Price-CVD confirmation score has stabilized at around 0.84. Although this value appears relatively positive, according to CryptoQuant, current levels do not indicate strong enough buying demand to support a lasting reversal in the price trend.
The indicator shows that the relationship between price movements and order flow continues, but current liquidity flows favor sellers rather than buyers. This is seen as a factor reinforcing the prevailing downtrend in the market. $XRP.
The fact that the CVD value remains in negative territory and there is no significant improvement in the confirmation score increases the likelihood that $XRPShort-term price momentum will remain weak.
Conversely, a sustained recovery in CVD and its move into positive territory, especially if accompanied by an increase in Confirmation Score, could be one of the first signals that new liquidity and buyer demand is entering the market.
*This does not constitute investment advice.