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XRP Buying Pressure on Binance Reportedly Reaches Three-Month High
(3 hours ago) · 1 source · Summarized by CryptoBipto
Reports indicate that XRP buying pressure on the Binance exchange has reached its highest level in three months. The metric tracks the ratio of buy orders to sell orders on the platform, suggesting increased demand from traders on that exchange.
WHY IT MATTERS
When people talk about 'buying pressure' on an exchange, they mean that more people are placing orders to buy a cryptocurrency than to sell it.
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SOURCES
- beincrypto.com
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