Today's XRP Price Prediction: Support and Resistance to Note

XRP is maintaining within a trading range, fluctuating between familiar support and resistance levels, causing analysts to be concerned about its next direction.

Around the $2.75 level. If the price drops and stays below this level, a decline to the $2.55 - $2.62 range may be seen.

Within the range of $2.85 to $2.90. Breaking through $2.90 with strength could pave the way for a target of $3.80.

There is a possibility of forming a bearish triangle pattern, with resistance gradually decreasing and support holding steady at $2.75. A bearish signal will be triggered if the closing price confirms below $2.75.

XRP is trending sideways, reflecting a similar state of Bitcoin. The lack of direction in the broader market is limiting XRP's volatility.

Data shows the largest XRP accumulation in over two years, with about 1.7 million XRP accumulated in the past month, indicating confidence in the recovery potential of this asset.

The Network Value to Transactions (NVT) ratio of XRP has surged to a two-month high, indicating that the network value is exceeding transaction activity, which could signal a cooling of accumulation momentum in the short term.

XRP is currently trading around the $2.82 level. If it can break through the resistance at $2.85, XRP may target $2.95 and further to $3.07. However, if faced with pressure from a high NVT ratio or rejected at the resistance level, XRP could drop to $2.73 or $2.64.