XRP Price Eyes Recovery as Spot Trading Volume Hits Six-Month High

XRP price is attempting to recover, but spot order-flow data still presents challenges. A six-month high in spot trading volume was reached in August, with major exchanges like Binance and Upbit seeing significant activity.

However, the 30-day correlation between XRP price movement and CVD changes has only improved moderately, reaching approximately 0.43. Meanwhile, CVD remains negative near -8 million, indicating continued aggressive selling pressure.

Analysts are divided on XRP's future prospects, with some predicting a wider price range from $1.10 to $3.40 based on past patterns and Fibonacci analysis. However, others caution that the rally remains uncertain until sustained demand can be confirmed.