Traders watching Stellar’s 40% weekly surge are now turning their attention to XRP, asking whether the older and larger token could be next. The two assets share a long history of moving in tandem, and some analysts say the setup is starting to look familiar.
XRP And XLM: A Recurring Pattern
Analyst Kevin Cage pointed out that while XLM broke out after months of sideways trading, XRP has remained range-bound. Reports indicate that if momentum picks up, some traders are projecting a move toward the $1.76 to $2 range for XRP sometime in June.
XRP itself posted a 2.50% gain in the past 24 hours, though it remains down 2.50% over the last seven days and about 5% over the past month. The price was last seen hovering near the $1.23 to $1.30 liquidity zone on Coinbase‘s spot market.
$XRP orderbook on Coinbase is still heavily skewed towards bids (nearly 7x on the large bands)
Now this doesn’t automatically mean “price go up”
But it does mean it’s much easier to move price meaningfully up then down
The book is simply intentions. Early 2025 I used the large… pic.twitter.com/VCdbjp7MLT
— Dom (@traderview2) May 28, 2026
What The Order Book Is Showing
That liquidity zone is exactly where analyst Dom’s findings get interesting. According to Dom, a heatmap of Coinbase’s XRP order book shows buy orders stacked heavily below the current price, with sell orders above appearing far smaller by comparison.
He put the difference at roughly seven times — meaning buy-side depth dwarfs whatever selling pressure currently sits above. Dom was clear that order books reflect trader intentions and not guaranteed price outcomes, but he said the data still carries weight.
He pointed to a 2025 Bitcoin call where similar order book readings supported his bearish view before BTC fell around 30%. The implication is that when the data lines up, it tends to mean something.
Adding to the discussion, reports note that new wallets on Hyperliquid have been opening large XRP long positions using 20x leverage, with some bets running into the millions of dollars. That kind of activity has fueled further chatter about a potential move higher.
Watching For A Breakout
XRP’s market structure, according to Dom, suggests the path of least resistance leans upward under current conditions. Less buying pressure would be needed to push the price higher than it would take selling pressure to drag it sharply lower.
Whether that plays out depends on whether broader market sentiment shifts. For now, traders are watching both the Coinbase order book and XLM’s momentum for clues on what XRP does next.
Featured image from Westend61/Getty Images, chart from TradingView
