XRP Accumulation Suggests Potential for Price Recovery Amid Low NVT Ratio and Key Support Levels

Key Points

1. XRP investors accumulated approximately 163 million tokens (valued at $519 million) over three days, signaling growing confidence.

2. XRP's Network Value to Transactions (NVT) ratio is at a four-month low, indicating undervaluation relative to network activity.

3. XRP is trading at $3.17, 15.3% below its all-time high of $3.66; holding this support is crucial to avoid a bearish reversal.

4. A breach below $3.00 could trigger a decline to $2.96 or lower, while reclaiming $3.38 resistance may push prices toward previous highs.

5. Market sentiment and network activity are key factors influencing XRP's price stability and potential upward trajectory.