According to U.Today citing CryptoQuant data, as of November 12, the estimated spot cumulative volume delta (CVD) for XRP across major CEXs dropped from -$400 million to -$2.9 billion since September 23, with the sell-side imbalance expanding by $2.5 billion. Over the same period, the XRP perpetual contract CVD on Binance fell from -$109 million to approximately -$1.1 billion. CVD measures the difference between aggressive buying and aggressive selling volume, and these figures do not represent net capital outflows. The article suggests that the selling pressure increases the risk of XRP breaking below $1, which is a market analysis.