XRP News Today: XRP Price Stagnant Despite Bullish Buying Volume

XRP has been trading within a large symmetrical triangle pattern, which has been forming since its surge in late 2024. The price has been coiling tightly towards the apex of the structure, with higher lows and lower highs. At the time of reporting, XRP was trading at $2.19, just above the key support at $2.08, with major resistances at $2.35 and $2.61 still intact. The narrowing range suggests that a decisive move may be approaching. If buyers manage to flip the $2.35–$2.61 zone, XRP could validate the breakout and trigger renewed bullish momentum.

Despite XRP’s stagnant price movement, the 90-day Spot Taker CVD revealed consistent taker buy dominance, indicating that market buyers have been stepping in aggressively. This suggests that participants have been anticipating a breakout and may be willing to accumulate in anticipation of a strong move. However, this speculative buy-side activity seems to be in sharp contrast with declining on-chain metrics, creating a mismatch between market conviction and blockchain usage. The persistence of taker buy volume may support short-term price stability and provide a base for any explosive upside movement if the triangle pattern resolves upwards.

XRP’s transaction count dropped steeply to 383K, marking one of its lowest daily values since March. Additionally, network growth declined to just 892, reflecting reduced adoption and declining interest from new users. Such a drop in organic activity is concerning, especially as bullish sentiment rises across the market. While traders may be betting on an upside breakout, the underlying network health appears to be weakening. If this trend continues, it could undermine the sustainability of any upward price movement driven purely by speculation rather than user demand.

The NVT Ratio, which compares market cap to daily transaction volume, surged to an extreme level of 4510. Such a sharp spike hints that the valuation has outpaced actual on-chain utility, raising questions about XRP’s fundamental value. When the NVT ratio climbs this high, it typically means that investor speculation has been inflating the price beyond its usage, creating a risky imbalance. Unless transaction volume rises in tandem, XRP may face pressure from overvaluation, especially as investors reassess its real-world applications versus its current price.

The Stock-to-Flow ratio has sharply risen, indicating greater scarcity as new supply entered the market at a slower rate. Such a dynamic typically supports long-term price appreciation. However, in XRP’s case, the scarcity narrative has not been matched by growing demand or utility. Therefore, the imbalance may only be sustainable if network activity rebounds or institutional demand materializes. Until then, scarcity alone may not be sufficient to push XRP significantly higher. Price may remain volatile if fundamentals don’t begin to catch up with speculative valuation.

XRP’s long-term triangle pattern and rising buy-side volume mean that a major breakout could occur soon. However, on-chain weaknesses pose serious challenges to a sustainable rally. The coming weeks will be decisive. If the price breaks above the triangle with strong volume and on-chain metrics begin to recover, XRP could indeed reach its midterm target. Otherwise, the breakout may prove short-lived.