XRP Shows Signs of Potential Undervaluation Amid Exchange Outflows and Low NVT Ratio
Main Idea
XRP shows signs of potential undervaluation due to significant capital inflows, declining exchange balances, and a low NVT ratio, with technical indicators suggesting room for further price growth.
Key Points
1. XRP has seen $519 million in recent capital inflows and a four-month low NVT ratio, indicating potential undervaluation and strong investor confidence.
2. More than 163 million XRP (worth ~$519 million) have been withdrawn from exchanges, suggesting accumulation by holders rather than liquidation.
3. XRP's NVT ratio at a four-month low signals organic usage growth, reducing the likelihood of a speculative bubble.
4. Technical indicators like RSI (64.60) and positive MACD suggest bullish momentum, with XRP trading at $3.26 and approaching its all-time high of $3.84.
5. Declining exchange balances and positive on-chain metrics support the potential for a price rebound.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! XRP is currently
Latest News
- SEC May Extend Review on Truth Social Bitcoin ETF Amid Regulatory and Ethical Considerations2025-07-28 22:41:14
- $BIO, $EUL added to Coinbase roadmap2025-07-28 22:28:46
- Tether USDT Supply Rises Amid Stablecoin Outflows, Suggesting Possible Risk-Off Pressure on Bitcoin2025-07-28 22:27:55
- XRP Shows Potential to Reach $4.80 and Beyond Amid Institutional Growth and Technical Signals2025-07-28 22:27:23
- Trader Eugene’s ETH Long Positions Suggest Potential Short-Term Altcoin Resilience Amid Market Volatility2025-07-28 22:14:31