Something Unusual Hits XRP On Coinbase: 638 XRP In 4,287 Times Within 1 Hour

Automated Purchases on Coinbase

In recent trading activity, XRP appeared to experience a coordinated series of automated purchases on Coinbase. Market data analyst Dom (@traderview2) highlighted the development, noting that "it looks like some type of TWAP was also turned on for XRP about an hour ago on Coinbase." The analyst shared a chart to back up his claims, comparing XRP prices and cumulative volume deltas across major exchanges. The data showed Coinbase’s XRP price (represented in yellow) trading at a visible premium compared to Binance, Bybit, and Kraken, beginning roughly an hour before Dom’s post. This divergence coincided with a large number of repetitive transactions. According to Dom, "638 XRP buys repeated 4,287 times over the last hour." The repetition and precision of the order sizes suggest that an algorithmic trading strategy known as a Time-Weighted Average Price (TWAP) may have been used.

Evidence of Sustained Buying Pressure

A TWAP is designed to minimize market disruption by dividing a large order into smaller transactions evenly spread over time. In this case, the pattern of identical buy orders and the resulting Coinbase premium point to sustained spot demand. The corresponding chart supports this interpretation. While XRP prices across exchanges moved in alignment, Coinbase’s price line gradually rose above others, reflecting increased local demand or a deliberate accumulation pattern. The right side of the chart, showing cumulative volume delta (CVD), further reinforces this view. CVD represents the difference between buying and selling pressure over time. Coinbase’s CVD line rose sharply, while Binance, Kraken, and Bitstamp showed smaller or flat movements. The divergence between Coinbase’s CVD and other exchanges indicates concentrated buying activity originating from that venue.

Dom had previously reported a similar automated accumulation process for Ethereum on Binance, and the XRP data now appears to show a comparable approach, though on a smaller scale.

Potential Outcomes for XRP

Such patterns often emerge when institutional or high-volume traders aim to build a position without triggering price volatility. If this were indeed a TWAP, it may signal that a whale is entering a sizable XRP position in a measured way. That could sustain upward momentum in the short term, as the consistent demand supports price stability. However, artificial order flow of this nature can also create temporary price imbalances. Once the automated buying ends, the absence of constant bid support may allow prices to retrace if organic demand fails to maintain the same intensity. Traders monitoring spreads between exchanges often interpret these moments as opportunities to arbitrage or test market depth.