XRP demonstrates indications of potential undervaluation driven by substantial capital inflows and improving technical metrics, signaling possible upward price momentum. Recent blockchain data reveals over $519 million worth of XRP tokens withdrawn from exchanges, suggesting strategic accumulation by holders rather than sell-off pressure.
Key on-chain metrics support this bullish narrative, with XRP’s Network Value to Transactions (NVT) ratio hitting a four-month low. This traditionally signals organic network usage growth exceeding market valuation, reducing bubble formation risks and positioning the asset as fundamentally undervalued.
Technical analysis reinforces growth potential, with XRP trading near $3.26 and showing bullish momentum indicators. The Relative Strength Index hovering at 64.60 avoids overbought territory while positive MACD readings suggest strengthening upside potential as the asset approaches its $3.84 all-time high.
Declining exchange balances coincide with these developments, further supporting analyst projections of a price rebound. Combined metrics indicate robust investor confidence and potential runway for continued appreciation in the evolving digital asset landscape.