XRP is striving to hold above $1.10; if it falls below this support level, it may expose the $0.99 area.

The cumulative trading volume difference of Binance ( CVD ) shows a negative value of approximately 4.33 million XRP, indicating that there are more sell orders than buy orders in the market.

Persistent selling pressure is increasing downside risks, and to improve the short-term outlook, there needs to be a resurgence in buying activity.

The broader crypto market crash is weakening the rebound prospects of XRP, which is still struggling to hold onto the crucial $1.10 support level. As trading data for Binance shows that the depth of CVD is in negative territory, selling pressure is intensifying, indicating that there are more sell orders than buy orders in the market.

Binance CVD Indicates stronger selling pressure

CVD is used to measure the difference between active buying and active selling. A negative value indicates that there are more market orders executed by sellers than by buyers, reflecting stronger immediate selling pressure.

On the 30th, the average CVD approached 700,000, indicating that there has been a noticeable change in trading activity compared to recent averages. This suggests that active selling on Binance has become more prominent.

XRP Price Analysis: Can Buyers Hold Above $1.10?

The $1.10 range is currently a key area that requires close attention. If this level can be maintained, XRP is expected to stabilize and attempt to return to its previous trading range. However, if it falls below this level, the price structure may weaken further, exposing the next major support level around $0.99.

Will $0.99 be the next support level?

Due to the weakening price trend and the negative reading of CVD, the short-term outlook for XRP remains cautious. The combination of both indicates that sellers are currently in the upper hand, and the buying demand has not yet shown sufficient strength to reverse the trend.

If it can continue to hold above $1.10, XRP may be able to establish a support level and trigger a rebound attempt. However, if selling pressure persists and fails to attract new buying interest, the $0.99 range could become vulnerable again.

For a bullish reversal to occur, more than just a brief rebound is needed. XRP needs to regain the lost trading range and see a meaningful improvement in buying activity before it can be indicated that market control is once again shifting back into the hands of the buyers.