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XRP fell to around $1.91 after falling 2% on Friday as the market lacked significant momentum.
Recent data suggests the currency is still moving based on trade flow, but selling pressure has yet to turn into sustained net buying.
According to CryptoQuant’s analysis of the Binance XRP market, the 30-day correlation between price and CVD (cumulative buy and sell volume difference) is approximately 0.61, which is a moderate to strong positive correlation, meaning that price movements are still in line with volume, rather than away from it.
In contrast, CVD itself remains in negative territory, suggesting that the accumulated selling has not yet transformed into a buying-dominated phase.
CryptoQuant considers this reading a trend confirmation tool and not an entry or exit signal.
A weak correlation with rising prices is usually considered a warning, but the current situation is understood to be that a base is being established rather than a violent distribution.
On the other hand, “Santiment” monitors public sentiment on social media platforms reaching extreme fear after double-digit declines since the peak on January 5, considering that exaggeration of negative sentiment often precedes a rebound.
Meanwhile, institutional demand remains limited, with spot XRP funds recording net inflows of approximately $2.09 million on January 22, according to SoSoValue.
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