Recently, #Xrp🔥🔥 has been like a 'compressed' spring, oscillating back and forth within a large triangle — this pattern has been refined since a sharp rise at the end of 2024.
Prices are consistently forming higher lows and lower highs, and are about to reach the tip of the triangle, potentially soaring at any moment… or crashing down.
📌 Keep an eye on key price levels
Current price: fluctuating around $2.19 (slightly above the $2.08 support)
Resistance range: $2.35 – $2.61
❗️ If it can break through $2.35 – $2.61, once the breakout is confirmed, XRP is very likely to start a new wave of increase!
👥 Buyers are quietly holding: CVD spot recipients continue to enter the market
Although prices are rotating in the triangle, the 90-day CVD of spot recipients (cumulative buying volume) has been positive — indicating that funds are quietly accumulating chips.
"Some are optimistic about the future market and are continuously buying at lower levels."
This silent buying has provided a reserve of strength before the rise, waiting for the order to explode.
🛑 Is on-chain activity on the decline?
But the problem is, the network's natural usage rate is declining:
Daily transaction counts plummeted to 383K, hitting a three-month low
New address growth dropped to 892, indicating fewer new users
In simple terms: most people are just speculating, and there is not much real on-chain usage (sending red packets, doing DeFi).
If this 'hollow' increase continues, whether the price can hold is still in question.
⚖️ Is the valuation too high or is scarcity supporting it? NVT skyrocketing & inventory liquidity ratio
NVT ratio (market cap ÷ daily transaction volume) soared to 4510, reminding us: prices are rising much faster than actual usage, indicating strong speculation.
The inventory liquidity ratio is also rising, indicating that fewer new coins are entering the market, theoretically making them scarcer and helping to support prices in the long term.
A tug of war: high valuations are prone to corrections, but scarcity also provides bottom support.
🚀 Conclusion: Explosion or false fire? The next step depends on these three points
Breaking the triangle: breaking through the $2.35–$2.61 resistance is best accompanied by high trading volume
On-chain indicators are warming up: daily transaction counts and new addresses are expected to recover
Buying pressure continues: CVD is strengthening, indicating that funds are still entering the market
If the above three points are met, XRP is likely to welcome a mid-term upward trend; if one of them breaks, the breakout might just be a 'flash in the pan'.
👀 Beginner Tips:
Lock in key price levels, don’t blindly chase higher prices
Look at volume, not price; trading volume tells you if it's a real breakout
Comparing on-chain data, real activity is needed for a sustained increase
How will XRP play its next move? Let's keep an eye on the triangle's 'narrow mouth' and wait for the right moment to explode! 🎯
✍️ DYOR, manage risks well, and may everyone set sail in the crypto world! 🌊
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