Is XRP Price Heading Towards a New ATH Level?
Investors Start Accumulating XRP Again
In the last three days, XRP has recorded a significant influx. More than 163 million XRP—equivalent to about US$519 million—has been accumulated by investors. This buying wave reflects that optimism is returning to the market, indicating that investors are preparing for a price surge.
This action aligns with a bullish market outlook, where many investors prefer to hold their positions (HODL) rather than sell. This accumulation phenomenon has the potential to trigger a trend reversal that pushes XRP back towards its ATH.
As for the NVT Ratio—an important indicator in assessing the valuation of cryptocurrency—it is currently at a 4-month low. This indicates that XRP has not experienced overheating and still has room to grow. A low NVT Ratio suggests that the current price is comparable to the underlying network activity, making the potential for price increases more reasonable without excessive speculation.
With stable market conditions, solid accumulation, and a supportive NVT ratio, XRP is in a strong position to continue rising. This provides a solid foundation for price movements in the near future.
Currently, XRP is trading at US$3.17—about 15.3% below its all-time high of US$3.66. With accumulation still ongoing and positive market sentiment, the opportunity for a price rally is quite open. The support level at US$3.17 is key, and maintaining it could pave the way for further appreciation.
However, if investor sentiment shifts and selling pressure surges, XRP is at risk of correcting. If the price drops below US$3.00, this asset could fall to US$2.96 or even lower—and the bullish scenario would be invalidated.
