XRP buy-side depth on Coinbase is 7 times heavier than sell-side, the widest imbalance in weeks, as traders bet the token will follow Stellar's 41% weekly surge.
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XRP buy-side liquidity hits 7x sell-side on Coinbase after XLM's 41% surge
XRP buy-side liquidity on Coinbase reached 7 times sell-side depth on May 30, the widest imbalance in recent weeks, after Stellar surged 41%.
"Will XRP follow XLM in June? Normally they're correlated," Kevin Cage, an independent crypto analyst, said on X, sharing side-by-side TradingView charts of both tokens.
Stellar jumped more than 22% in a single session, extending its weekly gain to 41% and pushing its year-to-date return to 3.7%, CoinMarketCap data show. The rally followed the Depository Trust & Clearing Corp.'s announcement of a collaboration with Stellar on tokenization and interoperable financial infrastructure. XRP, by contrast, traded at $1.31 as of 14:00 UTC, up 2.54% on the day but still down 28.5% year-to-date and 5.62% over the past month.
The divergence raises the stakes for XRP, which some analysts expect to rally 30% to 35% by June, potentially pushing the price toward $1.76. A move to that level would still leave the token in the red for the year but could set up a retest of the $2 mark, a level not seen since early 2025.
The order-book imbalance on Coinbase suggests buyers are accumulating XRP at current levels, a pattern that has historically preceded sharp upward moves. The 7:1 buy-to-sell ratio means for every $1 million in sell orders, roughly $7 million in buy orders sit on the book, creating a demand wall that could absorb selling pressure and accelerate any upward breakout.
Not all traders are convinced the correlation will hold. Veteran trader Corey Blake noted on X that Stellar normally follows XRP, making the current dynamic an inversion of the historical pattern. "Curious to see how it plays out this time," Blake said.
X user Ricardo Jean pointed to the asymmetry in catalysts: Stellar surged on a single partnership announcement, while XRP has seen multiple positive developments without a sustained price response. The DTCC-Stellar collaboration focuses on building a more interoperable financial system through tokenization, a use case that overlaps directly with XRP's cross-border payments focus on the XRP Ledger.
The two tokens share a common origin in the Ripple ecosystem and have long moved in tandem, with rallies in one often followed by the other. That historical relationship is the basis for the current speculation that XRP may be due for a delayed breakout, supported by the extreme order-book imbalance on the largest US exchange.
This article is for informational purposes only and does not constitute investment advice.
