XRP Taker Buy/Sell Ratio Nears Balance as Price Slips
Photo: Coinpedia
XRP's 14-day Binance taker buy/sell ratio reached 0.998 on November 5, close to balance. The ratio rose from 0.896 on November 2, while XRP fell from $1.25 to around $1.21. Easing aggressive selling doesn't confirm a reversal; the possible impact of Binance's hack remains unverified. XRP’s taker buy/sell ratio on Binance is moving toward balance, but the token’s price isn’t following suit. The 14-day simple moving average (SMA) reached 0.998 on November 5, when XRP traded at $1.206. That’s close to 1.0, suggesting aggressive buyers and sellers were trading at roughly equal volume. It’s a notable shift.
Source: Coinpedia
