The current situation of XRP is showing important warning signals from on-chain indicators. Here are some key points drawn from this analysis:
1. High NVT ratio:
• The NVT ratio of XRP reached 477, signaling that market value is growing faster than the transaction rate on the network.
• This is a sign that XRP may be overvalued, increasing the likelihood of a price correction in the near future.
2. Decrease in daily active addresses (DAA):
• The decline in the number of active wallets and interactions on the XRP network is a negative signal.
• This indicates that user interest in XRP is declining, reducing the natural support for the price.
3. Whale activity:
• Major investors (whales) are selling XRP, which may create downward pressure on the market.
4. Support level $2:
• If the downward trend continues, the price of XRP is likely to fall below $2. This is an important psychological price level to watch.
5. Future and expectation of $5:
• Although some previous analyses expected the XRP price to reach $5, the current situation will depend on restoring user interactions and positive signals from the market.
Advice:
If you are an investor or are interested in XRP, closely monitor on-chain indicators (such as NVT, DAA) and the behavior of major investors. Corrections can create investment opportunities, but caution is needed regarding potential risks.
