Ripple: THESE overvaluation signs demand XRP traders’ attention – Why?

• XRP dropped by 4.74% to $ 2.47 after faced resistance at Fibonacci level $ 2.66.
• Stagnation NVT Spike and MVRV reveals the risks of awards despite the bull sentiment of the crowd.

Since the beginning of May Wave [XRP] drew increased The investor’s optimism, because the crowd’s sentiment and intelligent money have become bull.

This change is in line with a stable uptrend that pushed prices close to the resistance range of $ 2.54-2.66.

At the time of printing, XRP traded for $ 2.47, which is 4.74% in the last 24 hours. Nevertheless, the technical and data in the string offer signals that are worth tracking.

However, whether this momentum maintains dependence on how XRP reacts to the current level of resistance.

The offer is shrinking when the risks of valuation from…

The XRP exchange reserve dropped by 3.22%, which was a total of $ 7.28 billion.

This decline means a reduced range of tokens available for instant sale, which usually supports bull market conditions.

When fewer coins remain on the stock exchanges, the likelihood of intensive sale is reduced. Therefore, this trend can reflect long -term trust and accumulation of the holder.

However, the NVT ratio increased to 2,806 – an unusually high level. This indicates a sharp divergence between the market ceiling and a real transaction activity that often precedes the local peaks.

As a result, this could signal overvaluations and possible short-term correction if the activity of the on-the-session fails to pick up.

Short -term holders are starting to book profits

The XRP development activity increased to 20.21, suggesting a renewed technical focus after the project.

This bounce could indicate the upcoming introduction of functions or improvement of the protocol, often interpreted as a long -term bull.

Permanent development not only promotes the growth of ecosystems, but also attracts investors’ trust. However, the impact of this trend on price movement depends on whether technical improvements are in line with the narration of the market and narration of adoption in the crypto space.

In contrast, expenditure production for 1- to 7-day coins dropped to 12.22 million, indicating reduced short-term sales pressure.

This cooling of the activity suggests that holders hold volatility rather than ending, which is possible signs of confidence in the next up.

However, traders should monitor any reversal in this trend, especially at the level of resistance.

Technical indicators show mixed signals

It tested the Ripple (XRP) price and briefly refused the 0.786 fibonacci level to $ 2.66 before it dropped below $ 2.5. MacD still shows a bull crossover, but the momentum seems to be weakening when the signal line is close to convergence.

In addition, strong resistance occurs at $ 3.00, previously tested and rejected the level earlier in the year.

Therefore, despite the recent momentum, they will indicate technical technical techniques to indecision because the bulls face critical resistance directed that could shape another move.

MVRV XRP ratio has renewed to 253.11% after immersion in early April. Although this picture suggests that the holders are profitable, it remains significantly below the peaks seen in the previous months.

This slight reflection indicates reduced pressure from unrealized profits, which potentially reduces the risk of immediate sale.

However, if the price is still increasing without meaningful changes in the chain tool, it could quickly return to dangerous zones.

Can XRP maintain a bull sentiment despite conflicting signals?

Although the XRP sentiment has changed the bull, its sustainability remains questioned.

Decreasing exchange reserves and growing development activities support the bull case, but the signals of the NVT and MRV ratios suggest caution.

Since short -term holders retain and slow down technical dynamics, XRP needs a strong escape over $ 2.66 to confirm the sequel. Until then, the current uptrend of critical tests faces both chain and chain.