XRP Facing More Negative Pressure? Binance CVD reveals that sellers are still in control.
Nvidia CEO's admission of the affair and stalled negotiations in Iran negatively impacted the crypto market, with XRP down nearly 7% in 24 hours.
The Cumulative Volume Delta (CVD) indicator shows a bearish trend for XRP, with sell orders in the market exceeding buy orders, indicating continued selling pressure.
The whale rally did not support the XRP price, with the ETF's recent inflows freezing and recording four consecutive days of no activity, marking a significant decline.