XRP Might Slip Further With Binance Cvd Confirming Sellers Hold Steady 🖤📉

Two troubling headlines shook up the crypto market over the past day lol. Nvidia’s CEO Jensen Huang owned up to an affair with a woman US officials think was spying for China 🖤. Meanwhile Marco Rubio dropped that Iran talks stalled hard. Several top assets took big hits rn and XRP dropped almost 7% in the last 24 hours 🌑. As the battle hovers near $1.1 CryptoQuant’s Cumulative Volume Delta on Binance sits at about -4.33 million XRP 🕷️.

Sellers Stay in Charge 😈

That negative CVD vibe means sell orders are crushing buy orders fr so the bias looks super bearish in the action 🔮. Sellers keep dropping more market orders than buyers and the pressure builds even more now that XRP chills at these low levels 🦇. The 30-day average CVD hovers near 0.70 which creates a clear split from the current total. For now trading leans heavy toward sellers and this crypto might keep sinking if buying demand stays too weak to soak it up 💀. CryptoQuant pointed out tho that a negative CVD does not always mean traders are jumping into fresh shorts. Selling can also come from folks closing old spots or getting liquidated.

Whales and ETF Flows Go Quiet 🌙

Whale buying failed to back XRP’s price at all. On the big money side spot XRP ETFs kicked off November weak after pulling in nearly $19 million net during October. That kept them positive but it was their second-worst month for inflows and the funds did nothing to lift XRP during that time. Things got even deader once November started 🕸️. On the 2nd investors pulled nearly $530000 from the funds maybe from the Binance hack drama. The next four trading days saw zero fresh moves as flows hit exactly $0.00 each day. That marks the first four straight days of no activity for XRP ETFs since August.

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Just another echo from the void by iconofsin.eth 💖

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