XRP Spot Volume Hits Six-Month High as Price Struggles to Recover

XRP price is attempting to recover after experiencing a significant downturn in recent months. According to data, spot trading volume reached its highest level since February in August, indicating increased market activity.

However, despite this uptick, order-flow data still presents some challenges for XRP investors. The 30-day price-to-CVD correlation improved to approximately 0.43, but CVD remains negative near -8 million.

This mixed signal suggests that buyers have not yet fully taken control of the market, and more activity is needed before a sustained recovery can occur.