XRP price is trying to recover, but the order-flow data still has a few problems. Spot trading volume reached its highest level since February in August, while the 30-day price-to-CVD correlation improved to approximately 0.43. Yet CVD remains negative near -8 million. More activity is returning, but buyers haven’t fully taken control.
XRP spot trading volume climbed sharply across major exchanges in August. Binance recorded approximately $7.28 billion, followed by Upbit at $4.68 billion and Bithumb Korea at $2.59 billion.
Bybit posted around $1.40 billion, Gate.io reached $1.33 billion, and KuCoin recorded approximately $1.23 billion. Bitget and Coinbase followed with roughly $918.5 million and $915.4 million, respectively.
That’s a meaningful improvement in liquidity and market participation. It isn’t automatically bullish, though. Higher volume includes both buyers and sellers. The real question is whether demand can keep absorbing the supply.
The latest Binance data shows a moderate relationship between XRP price movement and CVD changes, with the correlation coefficient near 0.43. XRP price has stabilized around $1.30 after rallying from roughly $1.00 to above $1.50 during the second half of August.
The problem is that CVD remains negative near -8 million. So, while price has improved, aggressive selling pressure hasn’t disappeared.
If CVD moves into positive territory while the correlation strengthens, the rally would have better confirmation from spot order flows. If CVD stays negative and the correlation weakens, corrective pressure could return.
One market view claims XRP has repeated a pattern seen before its reported 650% surge in 2024. The analysts proposed roadmap runs from $1.10 to $1.00, then $1.30, $1.90, $2.80, and $3.40.
Another bullish analysis points to the Fibonacci 0.5 retracement as the level where the latest correction ended. XRP has since moved above the 0.618 line, with the Fibonacci 1.618 level near $2.135 presented as the next potential target.
Those projections remain conditional. The market still needs sustained demand, not just a familiar-looking chart.
For now, XRP price has improving liquidity and a moderate CVD correlation, but negative order flows remain the main obstacle. If spot buying finally turns positive, XRP price could gain stronger momentum toward $2.135. Until then, the rally remains a work in progress.
XRP price has stabilized around $1.30 after rising above $1.50 in the second half of August.
XRP spot volume reached a six-month high in August, indicating stronger market activity and liquidity.
CVD tracks the balance between aggressive buying and selling orders. The current reading remains negative near -8 million.
The 30-day correlation is approximately 0.43, indicating a moderate relationship between price movement and CVD changes.
The provided Fibonacci analysis identifies approximately $2.135 as a potential target. Also, XRP could extend to $3.40, if past pattern repeats.
Per an onchain analyst, If CVD remains negative and the correlation weakens, corrective pressure could increase.
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