- Coinbase traders showed record XRP accumulation, signaling strong U.S. buyer intent.
- Bitstamp and Bitfinex led global XRP buying, revealing region-based momentum shifts.
- Korean traders on Upbit reversed sentiment fast, buying heavily after the early selloff.
$XRP showed a sharp reversal following a prolonged decline, driven by strong spot demand and orderbook imbalances. Price action across major exchanges indicates a market-wide shift in sentiment fueled by U.S. participation.
U.S. Orderbook Activity Suggests Renewed Confidence Among Buyers
Recent orderbook data reveals structural changes hinting at a rebound. Traders on U.S. exchanges, especially Coinbase, showed aggressive accumulation, suggesting a bullish trend shift.
Source: Dom
In the post above, Dom, a technical analyst, examined Coinbase’s orderbook during April’s drawdown. According to Dom, Coinbase recorded a record 33 million XRP bid skew within 50% of the price. He emphasized dense buy walls below and sparse resistance above, signaling strong accumulation.
He also noted that a breakout from the $1.6 to $1.85 range pushed XRP past $2.00. Liquidity heatmaps showed buyers absorbing sell zones above $1.9. Dom believes another $100 million in demand could drive XRP back to $2.50. The current structure shows a higher low and higher high, indicating a short-term reversal. With minimal resistance until $2.2–$2.5, buyers may test higher levels.
Cross-Exchange Data Reveals Uneven Recovery Across Platforms
A dive into spot activity across global exchanges highlights varying trader reactions to XRP’s price moves. This section compares how Bitstamp, Binance, and OKX responded to recent volatility. Differences in liquidity and recovery pace emerged clearly.
Dom presented a comparative analysis of spot flows from seven major platforms. He found Bitstamp and Bitfinex led net buying, followed by Coinbase. Binance, OKX, and Kraken showed weaker rebounds.
He explained that all exchanges aligned during the breakout above $2.00. Still, Coinbase showed moderate performance, while Bitget displayed sharp volatility spikes. The data spread shows sentiment divergence by platform and region.
Upbit Flow Shift Marks a Critical Turning Point in Asia
Regional activity on Korea’s Upbit exchange reveals key insights into XRP’s intraday sentiment. This final section highlights a major selloff followed by strong repurchasing, reflecting a rapid behavioral shift. Dom shared detailed insights into XRP/KRW flows on April 9. Upbit users sold over 200 million XRP during the decline, then rebought nearly 20 million after the tariff reversal news.
CVD turned sharply positive post-16:30 as buy orders surged. Dom noted aggressive volume lifted price past ₩3,000, confirming a rapid sentiment reversal. The full intraday cycle—selling, calm, and aggressive buying—shows XRP’s volatility and sensitivity in Asian markets.
