XRP is at risk of losing the $1 level as Cryptoquant data shows heavy selling pressure across spot and futures markets. Since September 23, its cumulative volume delta on Binance perpetual markets has fallen from negative $109 million to about negative $1.1 billion, a $991 million decline. Estimated cumulative volume delta across all centralized exchanges has also dropped from negative $400 million to negative $2.9 billion. This $2.5 billion imbalance toward sellers indicates more aggressive selling and increases the risk of further declines in XRP’s price.
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