XRP Order Book Skew Hits 13M as Buyers Dominate Binance and Coinbase 

• XRP has a 13M bid skew on Binance and Coinbase, showing strong demand.  
• Buyers dominate as sell walls stay weak, making prices rise faster.  
• If demand holds, XRP may push past $3.00, but a drop below $2.00 is possible.

XRP’s order book on Binance displays a rare bid skew within 50% of its market price, a pattern observed only four times over the past year. The latest TradingLite chart reveals a significant buy-side imbalance, making it structurally easier for XRP to move upward rather than downward. With the current bid-heavy order book, the probability of sustained buying pressure increases, aligning with historical trends that previously led to sharp price surges.  

XRP’s recent price movement saw a rally toward $3.50, followed by a retracement to $2.20, with volume spikes accompanying each major shift. The key takeaway from the data suggests that a strong bid wall may prevent deep corrections while opening the door for another upside attempt.

Coinbase Order Book Mirrors Binance as Bid Imbalance Reaches 13M XRP

The bid skew is not exclusive to Binance, as Coinbase reflects a similar pattern with a peak bid imbalance of 13 million XRP within 50% of the price range. This is the highest recorded bid skew in the past 15 months, highlighting the increasing buy-side dominance. Market participants absorb sell pressure aggressively, reinforcing a liquidity structure where buyers maintain control. The absence of significant sell walls further contributes to a supply squeeze, increasing the likelihood of a sharp move higher if the demand continues to persist. Historically, such bid skews have preceded notable price jumps, with market depth now leaning toward further upside momentum.

XRP’s price action over recent months saw an explosive move from sub-$1.00 levels to a multi-year high near $3.50 before facing a correction. The retracement to around $2.20 indicates a consolidation phase, with volume suggesting a balance between profit-taking and renewed accumulation. Despite the short-term decline, the bid-ask spread indicator remains heavily tilted toward buyers, showing a strong deviation in favor of demand. 

This structural imbalance, coupled with an increased volume of limit orders on the bid side, suggests that market participants are positioning for another potential leg up. The 12-hour trading volume reflects notable spikes during key movements, further reinforcing that large buy orders continue to enter the market.

XRP’s Short-Term Outlook Hinges on Maintaining Bid Strength

With the order book dynamics favoring XRP’s bullish perspective, the immediate price movement will be determined by whether current bid pressure holds. Should such selling activity continue, retests of the $3.00 threshold might occur, along with the possibility of further upward progression if market momentum correlates. 

On the contrary, a drop below the $2.00 value may suggest a much larger retraction; judging by past performance, strong bid walls have averted such persistent downturns. As liquidity builds and demand levels remain high, traders will keep their eyes on XRP’s ability to maintain its bid skew advantage, for any change in market structure may alter the trajectory of the next major move.