Think of an AXI handshake like two people, Alice and Bob, trying to trade a book.
- VALID (Alice): Alice holds the book out and says, "I am ready to give you this book right now."
- READY (Bob): Bob holds his hands out and says, "I am ready to take a book from you right now."
The trade only happens when they are both doing this at the same time. If Alice is holding the book but Bob is looking at his phone (Ready is Low), no trade happens. If Bob has his hands out but Alice hasn't arrived yet (Valid is Low), no trade happens.