XRP Price Analysis: Coiled Spring Pattern and NVT Spikes

• Xaif claims XRP’s NVT ratio is 170.2 right now, which suggests the token is undervalued.
• $2.46B in spot ETFs, shrinking reserves, and tighter NVT swings support the bullish case.
• XRP Ledger is processing millions of daily transactions, and on‑chain volume is up 26%

Several analysts are noticing a gap between XRP’s quiet price and its improving on‑chain health, hinting that the asset might be quietly setting up for a bigger move.

For instance, on X, crypto analyst Xaif Crypto said XRP’s price chart looks dull, but the blockchain data is “screaming something else”, pointing to a growing split between market sentiment and network activity.

Xaif claims that XRP’s NVT (Network Value to Transaction) ratio is 170.2 right now, which suggests the token is undervalued given how much the network is being used. That’s notably below more than 1,200 spikes during the speculative highs of 2025, when XRP was over $3.

The analyst also used some supporting factors for this case, including the $2.46 billion tied up in spot XRP ETFs, shrinking exchange reserves, and tighter NVT swings. That frames the flat price action as an accumulation coil and not a lack of interest.

Recent data support Xaif Crypto’s narrative, given that XRP Ledger is processing millions of daily transactions. Additionally, on‑chain volume is up 26% while the price remains flat. 

In the past, this split between heavy usage and low prices was often followed by a delayed market response.

Technical Markers Are Strong, But Sentiment is Weak

Technical markers are also pointing toward a possible breakout in the works. For example, trading volume on big exchanges is unusually low. In fact, it was reported recently that XRP trading volume on Binance hit one of its lowest points since last year.

Also, XRP is stuck in a tight consolidation range around $1.30 to $1.40, and on‑chain profits are at multi‑month lows. 

Together, these factors form what traders call a “coiled spring” pattern, which is a quiet stretch that often ends with a sharp move one way or the other.

Despite improving fundamentals, market sentiment remains heavily negative. XRP is off more than 60% from its 2025 peak, and even the social buzz has dropped. According to CoinMarketCap, XRP is currently sitting at roughly $1.37, representing approximately a 7% decrease in the last 30 days.

Related: XRP Withdrawals on Binance Climb as Deposit Activity Drops