Is $XRP getting overheated, or is this just the calm before the storm? 🌪️
While we’ve been consolidating between $1.30 and $1.45 since February, the on-chain NVT (Network Value to Transactions) indicator just spiked to 1,076—the highest level we've seen since last October.
Historically, a high NVT means price is moving faster than actual network utility, which often leads to a short-term correction.
However, looking at the weekly chart, volume is shrinking significantly. In technical analysis, this "compression" usually leads to a massive expansion move. We are sitting on a coiled spring. If we can hold the $1.33 support, the bulls are still in control for a May rally toward $1.70.
Are you playing the range or waiting for the breakout? Let me know your strategy below. 👇