XRP Coinbase Order Book Shows 7x Stronger Buy Liquidity

Analyst Dom says the $XRP order book on Coinbase remains heavily tilted toward buyers, even though the token has struggled to build strong upward momentum recently.

According to Dom, buy orders in $XRP’s order book are far larger than sell orders. He said buy-side liquidity in the larger order ranges is almost seven times higher than sell-side pressure.

While this does not guarantee a price rally, it suggests $XRP may have an easier path upward than downward under current market conditions.

Key Points

• $XRP order book on Coinbase is heavily skewed toward buyers, with buy liquidity far exceeding sell pressure.
• Analyst Dom says buy-side depth is 7x larger, suggesting easier upward moves than downside under current conditions.
• $XRP trades near $1.20–$1.30 liquidity zone, while price remains mixed despite recent short-term gains.
• $XLM’s 40% rally is fueling speculation $XRP could follow, with targets projected around $1.76–$2 if momentum builds.

Explaining Order Books

Dom explained that order books mainly show trader intentions rather than exact predictions of future price movements. However, he said these signals can still be useful.

He pointed to his earlier bearish Bitcoin call in early 2025, where similar order book data helped support his view before Bitcoin later fell by about 30%.

Coinbase Order Book Shows Strong Buyer Interest

A heatmap shared by Dom showed large buy orders sitting below $XRP’s current price on Coinbase’s spot market. These buy walls are often areas where traders could step in quickly if $XRP drops.

Meanwhile, sell orders above the current price appeared much smaller in comparison. According to Dom, this suggests it may take less buying pressure to push $XRP higher than it would take selling pressure to send it sharply lower.

The chart also showed that $XRP is still trading near a major liquidity zone between $1.20 and $1.30.

$XRP Price Still Under Pressure

Despite the bullish order book setup, $XRP’s price performance has remained mixed in recent weeks.

Data from CoinMarketCap shows $XRP trading around $1.32 after rising 2.54% in the past 24 hours. Despite the short-term gain, the token remains down 2.56% over the last week and about 5% over the past month.

The recent price movement reflects uncertainty across the crypto market, as traders continue to monitor macroeconomic news.

Although Dom did not predict an immediate rally, his comments have sparked further discussion about $XRP’s market structure and whether strong buy-side liquidity could eventually support a larger breakout.

Meanwhile, traders are also watching Stellar ($XLM) to see whether $XRP can break above key resistance levels.

Will $XRP Follow $XLM?

$XLM has surged more than 40% this week, prompting analysts to question whether $XRP could follow, given their historical price correlation. Analyst Kevin Cage noted that while $XLM has broken out after months of sideways trading, $XRP remains range-bound.

Traders often compare $XRP and $XLM because both focus on cross-border payments and have historically mirrored each other’s price movements. Some analysts now predict $XRP could see a delayed breakout toward $1.76–$2 in June if momentum improves.

At the same time, whales on Hyperliquid are opening massive long positions worth millions of dollars using 20x leverage. This has fueled speculation of a bullish move ahead. With $XRP posting 2% daily gains, many traders hope the upside momentum will continue.