Coinbase XRP Orderbook Shows It Is Now 9x Easier to Push XRP to $2.25 Than $0.75

The XRP orderbook on Coinbase shows it is now about nine times easier to push XRP to $2.25 from the current price than to take it to $0.75. 

The current XRP orderbook structure shows an imbalance that favors upward movement. Data reveals that buy-side liquidity massively outweighs sell-side liquidity within a 50% price range, making it relatively easier to push XRP from the current price of $1.5 to $2.25 than it is to take it to $0.75.

Key Points

• The XRP orderbook on Coinbase shows a 9:1 bid-to-ask ratio within a 50% price range at $1.5, marking the strongest buy-side skew in nearly one year.
• Sell-side liquidity above $1.50 up to $2 remains thin, leaving a relatively open path toward higher price levels.
• Meanwhile, XRP sees strong and layered buy walls below $1.5, especially between $1.4 and $1.2, that could cushion any price declines.
• As a result, driving the XRP price from $1.5 to $2.25 is currently 9x easier than pushing it to $0.75.

XRP Faces Weak Resistance and Strong Support

This is according to recent data shared by order book expert Dom. Notably, his accompanying Coinbase chart covers the period from March 13 to March 17, showing four days of price movement and liquidity activity, as XRP initially dropped toward $1.45 before recovering to trade above the $1.53 level.

Data from the orderbook heatmap indicates that above the current price, the area between $1.5 and $2 shows few sell orders. The lack of resistance suggests that the price can move upward more easily, as there are fewer barriers to slow it down. 

However, below the current price, the situation is very different. Specifically, the heatmap indicates that the area from $1.4 down to $1.2 features strong buy-side liquidity. Some of the most important support zones appear around $1.38 to $1.4, which also held as support during the earlier consolidation phase. 

Extreme 9:1 Bid Skew Shows Strong Bullish Setup for XRP

In his recent analysis, Dom focused on the orderbook structure within a 50% price range around the current level. This range covers about $0.75 on the downside and $2.25 on the upside, based on the $1.50 price level. 

Within this range, the data shows the strongest bid skew seen in nearly one year on Coinbase’s XRP spot market. Specifically, the current bid-to-ask ratio stands at around 9:1. This means that for every $1 of sell orders above the price, there are about $9 of buy orders below it. 

For context, in a balanced market, this ratio would be near 1:1, while even a slightly bullish market might show 1.5:1 or 2:1. Essentially, a 9:1 ratio shows a very strong advantage for buyers.

Now, for XRP to drop to $0.75, sellers would need to push through large buy walls at $1.40, $1.35, $1.30, $1.25, $1.20, and lower levels. Each of these levels represents strong demand. On the other hand, a move toward $2.25 would require breaking through a much thinner layer of sell orders, making the upward move easier.

What Does This Mean for XRP?

The recent price recovery and strong bid skew confirm that XRP currently witnesses a bullish setup. Notably, there is limited resistance above the current price and strong support below, which gives the market a better chance of moving higher, possibly toward $2.25.

However, it is important to stay cautious. Orderbook data only shows current limit orders, and traders can manipulate these orders at any time. Even with the strong 9:1 imbalance, the conditions can change quickly. Despite this