Peter Smith
XRP (Ripple) has been getting absolutely hammered lately, crashing to $2.70 alongside the broader crypto market before catching a breath. But sometimes the worst-looking situations hide the best opportunities.
Why XRP Might Be Setting Up for a Surprise Rally
Right now, XRP's NVT Signal just hit a 5-month low, which sounds terrible but actually suggests the coin is undervalued compared to how much it's being used.
Historically, these NVT drops have been reliable signals that something good is coming.
The short-term holders' profit/loss indicator is also flashing interesting signals. It's sitting near the "capitulation zone"- where people get so frustrated they start selling, which ironically creates buying opportunities for those with stronger stomachs.
XRP (Ripple) Price Targets: The Real Support Levels to Watch
XRP is trading around $2.85 right now after that brutal 9% drop, but don't get too excited about this bounce just yet. The charts suggest we might not hold here.
If the technical signals are right, XRP probably won't make $2.85 stick as support immediately. Instead, look for a potential drop back to $2.75 - that's where the real test happens.
The upside scenario? If the broader market improves, XRP could reclaim $2.85 as support and test $2.94. But the bearish pressure is still there, so expect volatility before any real recovery takes hold.
Peter Smith
