XRP is facing renewed selling pressure as a broader crypto market decline tests the token's ability to hold above the $1.10 support level. Trading data from Binance shows a deeply negative Cumulative Volume Delta (CVD), indicating that market sell orders are currently outweighing buy orders.
Binance CVD Points to Aggressive Selling
The latest Binance CVD reading stands at approximately -4.33 million XRP. 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 is 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.
Price Action Weakens Near $1.10
XRP's recent 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 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.
A bullish shift would require more than a temporary price bounce. XRP needs to regain its lost trading range and show a meaningful improvement in buying activity to indicate that market control is moving back toward buyers.
