XRP – Decoding KEY indicators every trader should watch now!

Key Points

1. XRP is down almost 7% from its recent high of $3.40, with $2.95 acting as a key support level.

2. On-chain data shows XRP remains vulnerable as traders reset positions, potentially reducing short-term upward momentum.

3. The NVT ratio is currently at 117, indicating less panic compared to its peak of 167 during the previous rally.

4. Open Interest in derivatives stalled at around $8.5 billion, suggesting a more controlled trading range without leverage overload.

5. A break and hold above $3.30 could set XRP's next target at $3.60, but profit-taking pressure has been cooler this time compared to previous rallies.