- Buyer aggression rises, but cooling spot volume could weaken XRP’s breakout momentum.
- Positive funding and a falling NVT Ratio strengthen the bullish case near the $2.38 resistance.
Ripple[XRP] is showing signs of mounting bullish momentum as it confronts a critical supply zone, with trader positioning and network signals aligning for a potential move.
Trading at $2.229 at press time, XRP was testing the $2.38 resistance level, where over 2.75 billion tokens were previously transacted. This barrier is psychologically important and historically defended.
Meanwhile, Spot Taker CVD (90-day) highlights dominant buy-side activity, suggesting that market participants are aggressively executing buy orders.
This growing conviction among buyers may be the pressure needed to break the long-standing ceiling and push XRP into a higher trading range.
XRP spot volume is cooling: Could that stall bullish momentum?
Despite rising taker buy aggression, Spot Volume activity is cooling, according to the Bubble Map indicator. This signals waning transactional intensity, which could undermine short-term momentum.
While aggressive orders dominate, the declining overall volume suggests that not all market participants are fully committed. Therefore, the lack of widespread conviction could limit XRP’s ability to generate sustained thrust above resistance.
If volume continues to contract while price tests critical levels, a breakout may fail to attract sufficient follow-through.
Source: CryptoQuant
On-chain valuation improves: What does a plunging NVT ratio mean?
At the time of writing, XRP’s Network Value to Transactions (NVT) ratio dropped 43.49% in the last 24 hours, and sat near 95. This steep decline indicates a more favorable market valuation relative to on-chain transaction volume.
A lower NVT ratio often reflects improved utility and efficiency across the network, implying a healthier foundation for price appreciation. Therefore, this sharp drop suggests that XRP’s current valuation may be better supported by actual usage.
As fundamental backing improves, it strengthens the argument for a sustainable breakout—particularly if technical pressure aligns with these signals.
Source: CryptoQuant
Short liquidations stack above $2.30: Will they trigger an XRP surge?
The liquidation heatmap shows dense clusters of short positions stacked between $2.30 and $2.38. These areas represent a potential chain reaction of forced liquidations if the price breaks through resistance.
The press time price of $2.229 sat just below this high-risk zone. Therefore, any upward momentum that pushes XRP beyond this band could trigger cascading short liquidations, adding fuel to the rally.
Additionally, the presence of 15x and 20x leverage positions adds volatility risk, suggesting that the breakout could be both rapid and sharp if it materializes.
Source: Coinglass
Will the symmetrical triangle resolve upward?
XRP continues to consolidate within a symmetrical triangle, compressing between lower highs and higher lows. This formation, shown on the daily chart, is approaching its apex, suggesting an imminent directional move.
The narrowing structure often precedes strong volatility, and with the price now hovering just below resistance, a decisive break appears near.
If bulls can force a close above $2.38, the triangle would resolve upward, with a projected target near $2.60.
However, failure to breach could trigger a sharp rejection of the $2.11 support.
Source: TradingView
Can buyers sustain pressure and force the breakout?
XRP stood at a decisive threshold, with strong buyer aggression, bullish derivatives positioning, and supportive fundamentals aligning for a potential surge.
However, cooling Spot Volume poses a key risk. If buyers maintain momentum and breach the $2.38 barrier, a liquidation-driven breakout toward $2.60 could follow.
Otherwise, failure to hold above resistance may invite a swift pullback toward the $2.11 support zone, delaying bullish continuation.
Credit: Source link