$500M XRP Accumulation Points to Potential Next Price Range

XRP is currently trading sideways, fluctuating near its All-Time-High (ATH) of $3.66. Despite a slight decrease, the price of this altcoin remains in a position to reverse, with accumulation increasing.

The change in market sentiment could push XRP's price to its ATH, continuing to boost optimism.

XRP Investors Begin Accumulating Again

XRP has seen significant capital inflow over the past three days. Over 163 million XRP, valued at approximately $519 million, has been accumulated by investors. This increase in buying indicates an optimistic wave returning to the market, signaling that investors are positioning themselves for a potential price increase.

This behavior aligns with the price increase prospects for the altcoin, with many investors choosing to hold their positions instead of selling. This accumulation is likely to act as a reversal trigger, pushing XRP towards its ATH.

The NVT ratio, an important indicator for assessing cryptocurrency value, is at its lowest in four months. This suggests that XRP is not overheated and has room for growth. The low NVT ratio indicates that the current altcoin price is justified by its network activity, making the possibility of price increase without excessive speculation higher.

With the market remaining healthy, featuring strong accumulation and a balanced NVT ratio, XRP is positioned to continue rising. This will provide a solid foundation for the altcoin's price movement in the coming days.

Is XRP Heading Towards Another All-Time-High?

XRP is currently trading at $3.17, 15.3% away from its ATH of $3.66. With ongoing accumulation and positive market sentiment, there is a high likelihood that XRP will continue its upward trend. Support at $3.17 is crucial, and if maintained, could lead to further gains.

If XRP can regain support at $3.38, it will be well-positioned to surpass its ATH and reach new peaks. This would mark a significant milestone for the altcoin, setting the stage for subsequent price gains.

However, if investor sentiment changes and selling pressure increases, XRP may face a decline. If the price drops below $3.00, it could slide to $2.96 or lower, invalidating the price increase argument.