XRP Eyes $2.13 as Spot Volume Reaches 6-Month High

XRP is drawing renewed attention after spot trading volume climbed to its highest level since February, a sign that participation is returning to the market. The token is now trying to recover toward $2.13, but the underlying order flow still points to a cautious setup rather than a clean trend reversal.

The most notable improvement is in the 30-day price-to-CVD correlation, which has risen to about 0.43. That suggests price is responding more consistently to trading activity than it did in recent weeks. Even so, CVD remains negative near -8 million, indicating that net aggressive buying has not yet fully offset selling pressure.

In practical terms, XRP is seeing more liquidity and stronger turnover, but the tape does not yet confirm that buyers have taken control. For traders, that leaves the market in a transitional phase: momentum is improving, but confirmation still depends on whether spot demand can stay elevated and push CVD back toward neutral.

From a broader market perspective, the backdrop remains constructive. The Fear & Greed Index at 73 signals a risk-on environment across digital assets, which can help support speculative flows into large-cap tokens such as XRP. Still, when sentiment is already elevated, price advances often require cleaner order-flow confirmation to sustain follow-through.