XRP perpetual CVD on Binance drops by $991 million as seller dominance grows

XRP continues to face heightened selling pressure as on-chain data highlights significant outflows from both spot and futures markets across major cryptocurrency exchanges. The asset has struggled to recover in the midst of ongoing market volatility, with analysts watching closely for signs of a reversal. Data from the analytics firm Cryptoquant reveals that XRP’s cumulative volume delta (CVD) has shown a steep decline since September 23. The CVD, which measures the net balance between aggressive buy and sell orders, turned more sharply negative over this period, reflecting a surge in sell-side market activity. On Binance, XRP’s perpetual CVD dropped from -$109 million to roughly -$1.1 billion by November 12.

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