XRP Price Eyes $2.13 as Spot Volume Hits Six-Month High | News

Currencies39037
Market Cap$ 2.79T+1.07%
24h Spot Volume$ 26.47B-39.5%
DominanceBTC57.42%-0.55%ETH10.81%+0.15%
ETH Gas0.11 Gwei
News
Sep 5, 2026
3min read
byYash Jain
forCoinpedia

XRP spot trading volume hit a six-month high in August with Binance $7.28B, Upbit $4.68B and Bithumb $2.59B, while price stabilized around $1.30 after rallying from roughly $1.00 to above $1.50 in the second half of August. Order-flow metrics show a 30-day price-to-CVD correlation near 0.43 but CVD remains negative around -8 million, indicating improved CEX liquidity and crypto market activity but persistent selling pressure that must flip positive for targets like $2.135 (Fibonacci 1.618) or $3.40 to be credible.

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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 Trading Volume Returns With A Catch

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.

XRP Price Needs Stronger CVD Confirmation

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.

Analysts See A Wider XRP Price Roadmap

One market view claims XRP has repeated a pattern seen <a href="https://xpertsstudio.com/can-btc-push-to-84000-before-the-fed-meets-again/” title=”Can BTC Push to $84,000 Before the Fed Meets Again?”>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.

What is the current XRP price?

XRP price has stabilized around $1.30 after rising above $1.50 in the second half of August.

Why is XRP spot volume important?

XRP spot volume reached a six-month high in August, indicating stronger market activity and liquidity.

What is XRP CVD?

CVD tracks the balance between aggressive buying and selling orders. The current reading remains negative near -8 million.

What does the XRP price-to-CVD correlation show?

The 30-day correlation is approximately 0.43, indicating a moderate relationship between price movement and CVD changes.

What is the potential XRP price target?

The provided Fibonacci analysis identifies approximately $2.135 as a potential target. Also, XRP could extend to $3.40, if past pattern repeats.

Could XRP price face another correction?

Per an onchain analyst, If CVD remains negative and the correlation weakens, corrective pressure could increase.

Source: cryptorank.io