XRP Hits Record-Breaking Buying Spree
XRP has just entered its strongest accumulation phase in two years amid an uncertain market. Ripple’s long indicators suggest a possible reversal, as investors accumulated nearly 1.7 million XRP in just one month — the largest buying spree in over two years.
In brief
- XRP records its strongest accumulation phase in over two years.
- This bullish signal contrasts with the gloomy trend of other altcoins.
- On-chain data reveals increased activity of long-term investors.
- Several analysts see this as a possible catalyst for sustainable recovery.
Massive purchases marking a turning point
While Ripple’s crypto long indicators point to a possible reversal . In one month, investors have accumulated nearly 1.7 million XRP , marking the strongest accumulation movement in over two years.
This trend highlights renewed confidence in the asset’s outlook, despite the prevailing volatility. Such renewed accumulation reflects participants’ optimism about the asset’s recovery ability and short-term potential upside.
In detail, several signs support this bullish reading:
- 1.7 million tokens have been accumulated on exchange platforms, an unprecedented peak over two years;
- The $2.83 price reached positions the token just below a crucial technical resistance at $2.85;
- In case of crossing this threshold, XRP could aim for $2.95, then $3.07, technical levels observed on charts;
- This momentum could validate the strategy of long-term holders, who anticipate a continuation of the bullish cycle despite an overall uncertain crypto market.
Thus, this accumulation phase occurs in a context where other altcoins show few signs of a rebound.
An overheating signal? The NVT alerts
While the increase in buying volumes reflects a resolutely bullish market sentiment, the analysis of on-chain data shows a more nuanced picture.
The NVT ratio, Network Value to Transactions, abruptly increased over the last 24 hours, reaching its highest level in two months.
This NVT peak indicates that the valuation of the XRP network currently exceeds its transactional activity.
Specifically, a high NVT implies that the price of XRP might have gotten ahead of usage fundamentals. In such a scenario, the accumulation momentum could lose intensity. Thus, the market would face a technical correction.
If rejected at the $2.85 resistance, XRP could then drop back towards $2.73, or even $2.64, levels identified as intermediate support zones.
While the return of buyers seems undeniable, this resurgence of interest could also hide a short-term structural fragility. A prolonged consolidation phase is therefore not to be excluded, especially if the NVT indicator continues to rise without network activity following. The real test will be whether XRP can sustainably cross $2.85, or even $3 .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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