XRP remains near $1.52 despite prolonged market pressure across major centralized exchanges. Crypto analyst Xaif Crypto identified large-scale selling activity on both spot and perpetual markets, yet the asset has avoided a similar decline in price.
CVD indicators show heavy selling
Xaif Crypto shared a CryptoQuant chart, dated September 28, detailing key metrics from Binance and other exchanges. The data highlighted Binance’s perpetual CVD at negative $1.2 billion, while spot CVD across all centralized exchanges stood at negative $2.7 billion. Open interest on Binance was measured at $276.5 million.
Cumulative Volume Delta (CVD) measures the difference between aggressive buy and sell orders. A negative value signals that sellers are dominating market orders within the specified period.
The analyst noted that despite this cumulative selling activity, the XRP price has stayed around $1.52 over the past several weeks.
Sellers have been hitting the market for weeks, yet XRP is still holding around $1.52. Someone is absorbing all that supply.
This market dynamic, where heavy selling pressure fails to move the price significantly downward, led Xaif Crypto to suggest that substantial buy-side interest is offsetting the influx of supply.
In addition to CVD, the $276.5 million open interest on Binance indicated continued engagement among derivative traders, providing another lens through which to assess market sentiment.
Mini dictionary: Cumulative Volume Delta (CVD) – An indicator tracking the net difference between aggressive buy and sell orders, providing insight into real-time buying or selling pressure in the market.
| Metric | Value |
|---|---|
| Binance Perpetual CVD | -$1.2 billion |
| Spot CVD (all CEX) | -$2.7 billion |
| Binance Open Interest | $276.5 million |
| XRP Price | $1.52 |
Traders debate potential outcomes
Following Xaif Crypto’s post, several prominent XRP-focused traders commented on the ongoing situation. Altcoin Insider suggested that clearing out the current surplus of supply could create room for XRP to reach new highs.
Another social media commentator, Lana XRP & Crypto, acknowledged the prolonged selling but advised caution rather than predicting immediate bullish momentum. She emphasized that absorption of supply does not automatically translate into upward movement.
Sellers hitting for weeks. Price still on 1.50. Absorption. Not a victory lap.
Market watchers continue to assess whether buyers can maintain support at the $1.52 level amid persistent seller activity. Ongoing monitoring of these key indicators is likely to shape trading strategies in the near term.
