On Friday, Ripple‘s XRP fell to $1.91 after a fresh 2% decline on Binance, as market participants showed little conviction and buying pressure did not materialize. Traders cited mixed signals from volume-based metrics as the reason for muted momentum.
Data from CryptoQuant shows a 30-day price–CVD correlation near 0.61 (Ed. note: this level indicates a moderate-to-strong relationship). The report stated the correlation reflects internal consistency between price moves and net volume flows.
The latest CVD reading remains negative, indicating accumulated selling has not flipped into steady net buying. CryptoQuant describes the metric as a confirmation score rather than a direct trade signal.
Santiment said retail sentiment hit “Extreme Fear” after a double-digit fall from the January 5 high. The firm added that heavy bearish commentary often precedes rallies and that “major FUD” is “usually a rally starter.”
Analyst Ali Martinez flagged $1.78 as key support, with resistance around $1.97 and $2.00. Data compiled by SoSoValue showed spot XRP ETFs collected about $2.1 million in net inflows on January 22.
