According to data from market analyst Dom (@traderview2), XRP's order book on Coinbase is showing its largest "bid skew" within a 50% price range in nearly twelve months. The data reveals a staggering 9:1 bid ratio, meaning for every one sell order within 50% of the current price, there are nine buy orders waiting. This suggests a massive supply-demand imbalance heavily favoring buyers.
Analyst Dom translated the metric, stating, "It's 9x easier right now to push $XRP to $2.25 than to $0.75." This imbalance indicates a "path of least resistance" to the upside, as the deep buy-side liquidity means significantly less capital is required to move the price upward compared to downward. A bid skew of this magnitude typically suggests a "liquidity vacuum" to the upside, where a surge of market buying could lead to a rapid price ascent with little overhead supply to stop it.
The importance of Coinbase as the venue for this signal is underscored by regulatory filings. A 21Shares XRP ETF prospectus filed with the SEC states that Coinbase accounted for 58.03% of the XRP-USD benchmark's trading-volume market share as of October 30, 2025. The filing further notes Coinbase posted the largest XRP-USD quarterly volume among benchmark constituents in every quarter from Q4 2024 through Q3 2025. This concentration gives Coinbase's order book outsized importance for XRP price discovery in the U.S., especially in the context of institutional products like ETFs.
Separate reports from April 2025 noted a similar dynamic, with a 33 million XRP buy-side skew reported on Coinbase during a market sell-off. Such an imbalance during stress is often read as evidence that buyers are prepared to aggressively absorb downside pressure.
While the data confirms a pronounced and notable buy-side imbalance on the leading U.S. exchange, the specific claim that this is the largest skew in nearly one year remains unverified in the provided research, as the underlying historical dataset for comparison was not publicly available. The signal is better interpreted as evidence of concentrated buy interest rather than a guaranteed price forecast.
At the time of the report, XRP was trading around $1.53, according to CoinGecko data, within a highly liquid market context where U.S. relistings and ETF-related interest have increased the relevance of such order-flow signals.
