Over the past three days, XRP has witnessed a massive inflow of capital, with over 163 million $XRP โvalued at around $519 millionโbeing scooped up by investors. This surge in accumulation marks a clear shift in market sentiment, suggesting renewed confidence and a potential retest of XRP's all-time high (ATH).
Currently trading at $3.17, $XRP is just 15.3% away from its ATH of $3.66. Despite some sideways movement recently, the price has remained relatively stable, signaling strong support and underlying strength.
๐ก Key Indicator: NVT Ratio Hits 4-Month Low The Network Value to Transactions (NVT) ratio has hit a four-month lowโa sign that $XRP may be undervalued relative to its network activity. Historically, such a dip in NVT often precedes a major move up, adding fuel to the bullish fire.
๐ Key Support/Resistance Levels to Watch:
Holding above $3.17 is critical โ it acts as a strong support zone.
A breakout past $3.38 would open the door to a new ATH and potentially higher.
But if XRP drops below $3.00, it could signal a short-term pullback.
๐ My Take:
With accumulation ramping up and network metrics flashing bullish signals, XRP looks primed for another leg higher. As long as we hold $3.17, Iโm watching closely for a breakout toward $3.38 and beyond. Momentum is building โ and the next move could be explosive.
Stay sharp. ๐
