XRP Bulls Just Loaded the Cannon. Biggest Bid Skew Showing On Coinbase

Crypto commentator Pumpius has noted development in XRP’s trading activity on Coinbase. In a post on X, Pumpius reported that the exchange’s order book shows a significant imbalance between buy and sell orders, indicating unusually strong demand from buyers.

The analyst stated that Coinbase is displaying what he described as the largest bid skew observed in almost twelve months. According to the data referenced in the post, buy orders and sell orders are at a 9:1 ratio. This means that for every sell order placed in the order book, roughly nine buy orders are waiting to purchase the asset.

Pumpius presented the imbalance as an indication that buyers currently dominate on the exchange. In his view, this structure in the order book makes upward price movement significantly easier than a sharp decline under present conditions.

Interpretation of the 9:1 Bid Skew

In explaining the implication of the data, Pumpius wrote that the current market structure suggests it is “nine times easier” for XRP to move higher than to fall sharply. The commentator noted XRP could reach $2.25 or $12.50 within a year if market momentum favors buyers.

The post framed the bid imbalance as evidence that bullish participants have increased their presence in the order book. Pumpius described the situation as a clear indication that buyers are heavily positioned and ready to absorb selling pressure if it appears.

The chart attached to the post shows the XRP/USD pair trading on Coinbase on a 15-minute timeframe. The visualization includes an order book heatmap displaying clusters of liquidity below the current market price. These buy orders appear concentrated at several support zones, suggesting that market participants have placed substantial bids at lower levels in anticipation of potential pullbacks.

The price action in the chart shows a gradual upward trend, with XRP moving from a lower consolidation range to a higher trading band near $1.50.

Reactions From Followers

The tweet also garnered tons of reactions. One user, Lina, replied that she was prepared for the move described in the analysis. Another user, Chace Lake, responded with a more direct comment suggesting that traders should coordinate buying activity.

Pumpius concluded the post by asking readers whether they were positioned for the potential price movement suggested by the order book imbalance.

The tweet is meant to highlight the order book dynamics on Coinbase and present them as a signal of strong buying interest in XRP. By emphasizing the scale of the bid imbalance and referencing the attached trading chart, Pumpius framed the current market structure as favorable for upward price movement if demand continues to outweigh selling pressure in the coming months.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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