XRP CVD Confirmation Score Turns Positive on Binance
XRP's Confirmation Volume (CVD) on Binance has turned positive, a sign that institutional investors are increasingly buying into the cryptocurrency.
This is a significant development for XRP, as it shows that large traders and institutions are taking notice of its price movements and adding to their holdings.
The CVD Confirmation Score on Binance measures the amount of trading volume that is concentrated in larger trades, rather than smaller ones. When this score turns positive, it indicates that institutional investors are actively buying into a particular asset.