Binance XRP Deposit Share Hits Highest Since October 2024

Binance’s seven-day XRP (XRP) deposit transaction share reached 59.5% on Nov. 8, its highest level since October 2024. Withdrawals accounted for 40.4% of transactions. The percentages count transactions, not the amount or value of XRP transferred. Deposits alone do not establish that the tokens were sold. A separate Binance cumulative volume delta (CVD) reading was about negative 4.33 million XRP as the token traded near $1.10. CVD measures the cumulative difference between market buy and market sell volumes. A negative reading means sell-initiated volume exceeded buy-initiated volume within the measure. The reading alone cannot show whether traders opened short positions or whether money left the XRP market. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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