XRP Eyes $2.13 as Spot Volume Reaches 6-Month High
XRP is attempting a recovery as spot trading volume climbs to its highest level since February, but order-flow data still shows sellers retaining some control. The improving price-to-CVD relationship suggests better participation, though negative cumulative volume delta indicates buyers have not fully absorbed supply.
XRP is showing signs of a rebound, with spot trading volume in August reaching its highest level since February. The move points to renewed participation in the market, but the underlying order flow remains mixed.
The 30-day price-to-CVD correlation has improved to about 0.43, indicating that price action is aligning more closely with trading activity. Even so, cumulative volume delta remains negative near -8 million, which suggests selling pressure still outweighs aggressive buying.
For now, the setup implies a market in transition rather than a confirmed trend reversal. XRP may continue to test the $2.13 area if volume holds, but buyers will need to sustain stronger spot demand before the move can be treated as durable.
Market Telemetry & Impact
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