XRP CVD Confirmation Score Flips Positive as Sellers Remain Active

XRP's spot market remains healthy despite its recent pullback from an August rally that saw the token gain 28.5% in value, its best August performance since 2021.

The XRP CVD Confirmation Score on Binance has moved into positive territory, indicating a reasonable link between price movement and activity in the spot market.

This reading comes as XRP enters a period of consolidation after the rally. However, selling pressure remains visible across both the spot and derivatives markets, with the next move depending largely on whether buyers can regain control.

The 30-day correlation coefficient between XRP's price and its Cumulative Volume Delta (CVD) currently sits at around 0.43, showing a moderate positive relationship between price and spot order flow.