XRP selling pressure holds firm on Binance as fresh CVD data and a 0.84 confirmation score point to more downside risk, per CryptoQuant.
XRP touched above $2.00 back in the early part of this year. Binance’s order books don’t seem to remember that anymore.
The token now trades near $1.07, and a fresh CryptoQuant quicktake ties that decline to something more specific than a chart pattern. The Binance XRP CVD Confirmation Score combines price with Cumulative Volume Delta, a measure of whether real buy orders or real sell orders are actually pushing candles around. Right now, according to the analysis, sellers are still winning that fight.
A Negative Number That Keeps Showing Up
CVD on Binance sits near negative 6.93 million. That reading has held for weeks, not days, which is the detail CryptoQuant’s writeup leans on hardest. Sell orders have been outweighing buy orders on the exchange through the entire slide from $2.00 to current levels, though the two figures rarely get mentioned in the same breath by traders watching the price alone.
The money left in one direction and stayed there. Nobody needed a headline to keep selling.
Binance itself has seen other supply shifts worth tracking, including a scarcity index that hit its highest level since mid-2024 even as price barely moved, a divergence flagged separately by CryptoQuant contributor ArabxChain, who also built the CVD chart referenced in this piece. That contributor’s work keeps surfacing across multiple XRP metrics this cycle, not just this one.
Source: CryptoQuant, chart by ArabxChain on X
The Confirmation Score That Won’t Confirm Much
The 30-day Price-CVD Confirmation Score sits at roughly 0.84. On its own, that number reads almost stable, maybe even mildly encouraging to somebody scanning fast.
It is not enough, per the CryptoQuant note. The 0.84 reading does not show sufficient buying strength to flip the trend. It only means the relationship between price and order flow remains intact, structurally, without confirming which side wins next.
A reversal, if it comes, would need the CVD to turn positive, that is to say actually cross into positive territory rather than just soften, alongside a rising Confirmation Score at the same time.
Old Legal Scars, New Chart Problems
Ripple’s own history offers a strange contrast to the current mood. CEO Brad Garlinghouse revealed this week that the company once discussed dissolving entirely, rather than keep fighting the SEC’s 2020 lawsuit. Wu Blockchain first surfaced the comments, and the fuller context sits in Live Bitcoin News coverage of Ripple’s near shutdown after the SEC lawsuit. That was existential risk at the corporate level.
XRP traders in July 2026 are dealing with something smaller but more grinding. Separate CryptoQuant data this week showed Binance funding rates jumping 266% as open interest slid toward $399 million. Leverage left the market. The spot CVD data suggests conviction never fully returned either.
Two different signals. Same general direction.
What Happens If the Number Flips
Any sustained recovery in CVD, particularly one that turns positive alongside a climbing Confirmation Score, would be the first real sign of fresh liquidity entering the market, according to the CryptoQuant analysis. That has not happened yet.
Binance’s order flow, for now, keeps saying the same thing it said last week. XRP trades near $1.07.
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