XRP Slips Below $1.40 as Binance CVD Shows Sellers in Control
XRP has been trading in a range below $1.40, with CryptoQuant data showing a Binance Cumulative Volume Delta of about -4.33 million XRP, meaning market sell orders have outweighed buys. Spot XRP ETFs have also recorded no reported net flows for four consecutive trading days, reducing a source of institutional demand.
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Derivatives Data Points to Sell-Side Pressure
CryptoQuant's Cumulative Volume Delta (CVD) for XRP on Binance stood at approximately -4.33 million XRP at the time of its reporting, meaning market sell orders were executing faster than market buy orders. The analysis places that reading against a 30-day average CVD of nearly 0.70, a divergence that CryptoQuant characterizes as a shift toward a bearish bias in recent trading.
CryptoQuant also cautioned that a negative CVD does not by itself confirm new short positions. Selling flow can reflect existing longs being closed or holdings being liquidated, so the reading measures order-flow direction rather than net positioning.
Price Context Near $1.40 and $1.10
Two sources describe XRP's price action in different terms, and the difference matters for interpreting the same data. Bitcoinist frames XRP as grinding in a range below $1.40 with indecision and no clear directional conviction. CryptoPotato describes XRP as struggling near $1.10 and reports a decline of almost 7% over the prior 24 hours, which it ties to broader market weakness following headlines about Iran negotiations and an unrelated Nvidia controversy. The sources do not give the same reference level, and the reporting does not reconcile them, so readers should check a live price feed for the current figure.
Spot ETF Flows Have Gone Quiet
Spot XRP exchange-traded funds attracted nearly $19 million in net inflows during October, enough to stay positive but their second-weakest month on record for inflows, according to the same reporting. The funds did not help XRP post gains that month. On November 2, investors withdrew roughly $530,000, and SoSoValue reported $0.00 in net flows on each of the following four trading days. CryptoPotato notes this as the first stretch of four consecutive days without reportable ETF activity since August.
Whale Demand and Open Questions
CryptoPotato reports that whale accumulation has also failed to lift the price. Taken together, the derivatives reading and the stalled ETF flows point to limited bid-side demand, but neither source establishes how long the pattern will persist. Further direction will depend on whether buying volume returns on Binance and whether ETF inflows resume.
Why It Matters
For Traders
A persistently negative Binance CVD alongside zero ETF flows suggests sell-side pressure is unabsorbed, so watch whether buy volume returns before assuming a range breakout.
For Investors
Stalled spot ETF inflows and weak October performance suggest institutional demand for XRP has cooled, a signal to monitor over multiple months rather than days.
For Builders
Teams relying on XRP liquidity or ETF-linked flows should account for periods of zero reported institutional activity when modeling volume assumptions.
This article is for information only and is not financial advice. Read the full disclaimer.
