XRP Risks Losing $1 Amid Aggressive $2.5 Billion Shift

As XRP continues to struggle amid the broad crypto market volatility while failing in multiple attempts to recover, key on-chain metrics are pointing to increased selling pressure among traders. While momentum remains extremely weak, latest data from crypto analytics platform, Cryptoquant, shows that sellers have dominated both XRP’s spot and futures markets, putting it at risk of losing the long-held $1 mark. Per the data, XRP’s cumulative volume delta (CVD) across major cryptocurrency exchanges shows that aggressive selling has dominated both its spot and futures market since September 23. As of November 12, XRP’s Perpetual CVD on Binance has fallen from -$109 million to about -$1.1 billion.

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