XRP Price Correction Risks Grow as Token Approaches Overvaluation

XRP is showing signs of weakness and potential overvaluation, despite broader market stabilization attempts. The Network Value to Transactions (NVT) Ratio has surged, indicating that recent minor price increases are driven by hype rather than genuine transaction activity, a historical precursor to corrections. Furthermore, the XRP Liveliness metric has increased, suggesting long-term holders (LTHs) are beginning to move and sell their dormant coins, signaling waning conviction. Currently trading around $2.41, XRP is stuck between $2.35 support and $2.54 resistance. If selling pressure persists and the price drops below $2.35, a correction toward $2.27 or $2.13 is likely; however, a successful break above $2.54 could invalidate the bearish outlook and target $2.64.

(Source：BeInCrypto)