XRP price is currently doing the crypto equivalent of a dramatic meltdown, complete with a 9% crash that left it gasping for breath at $2.70. But don’t worry, it’s just a temporary setback… or is it? 😂💸
While this pullback exposed weaknesses, it also highlighted the possibility of a rebound. Because nothing says “rebound” like a 9% drop. 🧢
XRP Investors Need To Wait
The NVT Signal for XRP is showing a notable decline, sitting at a 5-month low, suggesting the altcoin could be undervalued compared to its transaction activity. A lower NVT ratio often reflects accumulation phases, where investors quietly increase exposure before a potential breakout. This makes the current levels worth monitoring for bullish momentum. Or, as I like to call it, “waiting for the rug to drop again.” 🕵️♀️
Historically, drops in XRP’s NVT have preceded uptrends, as higher transaction activity relative to market value tends to attract renewed confidence. If investors continue accumulating at these lower levels, XRP could build the base needed to break out of its recent slump. Or it could just keep slumping. Who knows? 🤷♀️
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Short-term holders’ net unrealized profit and loss (STH NUPL) is another indicator pointing toward possible accumulation. XRP’s STH NUPL currently sits near the capitulation zone, where investor profitability dips low enough to trigger renewed buying. Historically, such dips have aligned with rebounds. Or, as I like to call it, “the point where investors realize they’re broke and decide to buy more.” 💸
However, XRP is not fully in capitulation territory yet. This means that more downside may still occur before investors commit heavily to accumulation. A deeper drop would likely cause near-term losses but could also set the stage for a stronger reversal later. Because nothing says “strong reversal” like a 10% drop. 🙃
XRP Price Is Looking At Further Decline
At the time of writing, XRP price trades at $2.85, recovering slightly after a 9% crash drove the price to $2.70 during the intra-day low, over the last 24 hours. Despite the bounce, market signals suggest caution in the short term. Because nothing says “caution” like a 9% drop. 🚩
If the indicators play out, XRP is unlikely to reclaim $2.85 as solid support immediately. Instead, the price could fall back to $2.75, which may serve as the real foundation for a reversal. Holding this support will be crucial for buyers to reassert control. Or, as I like to call it, “the moment when everyone hopes for a miracle.” 🙏
Should broader market conditions improve, XRP could push higher, reclaiming $2.85 as support and testing $2.94 in the near term. However, the longer-term bearish pressure remains, meaning investors may still face volatility before a sustained rally emerges. Because nothing says “sustained rally” like a 9% drop. 😂
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2025-09-23 21:13