XRP Buy Orders Outnumber Sells 7-to-1 on Coinbase, Analyst Spots Unusual Market Setup

The post XRP Buy Orders Outnumber Sells 7-to-1 on Coinbase, Analyst Spots Unusual Market Setup appeared first on Coinpedia Fintech News

A surprising trend is developing on Coinbase, where XRP’s order book is showing an unusual seven-to-one buy liquidity imbalance. According to one analyst, there are roughly seven dollars worth of buy orders waiting below XRP’s current price for every dollar worth of sell orders. While most traders focus on price charts, the analyst argues that …