XRP Price Struggles but On-Chain Metrics Show Strength

XRP Price- Accumulation Continues Despite Price Range

XRP Price– On June 5, XRP experienced a slight decline in capital outflows from exchanges, following heavier withdrawals throughout May. According to a recent AMBCrypto report, the Network Value to Transactions (NVT) ratio has dropped recently compared to prior sessions. This suggests the token might currently be undervalued given an increase in its utility relative to market capitalization. The decreasing exchange reserves also indicate ongoing accumulation by holders.

Price Movement Remains Range-Bound

Despite dominance from spot buyers over the past three months, XRP’s price remains confined within a tight range. Resistance near $2.28 aligns with the 38.2% Fibonacci retracement level from its 2025 drop from $3.4 to $1.61. The Relative Strength Index (RSI) had been below the neutral 50 mark for weeks, signaling bearish momentum. At the time of writing, the RSI slightly rose above 50 at 50.8, an early bullish signal, but the overall swing structure remains bearish after rejection at $2.6.

Volume Trends and Liquidity Levels

The On-Balance Volume (OBV) indicator has been stuck within a range since April without surpassing the highs seen in March. However, it has formed a series of higher lows over the last two months, a positive sign. A recent two-week liquidation heatmap highlighted a strong liquidity cluster between $2.29 and $2.36—close to the current market price—suggesting a potential move toward the $2.36 level.

Potential Scenarios Ahead

A bearish reversal from the $2.35-$2.40 zone remains possible, especially if the price sweeps through the liquidity overhead. Such a reversal could impact traders significantly. While buying pressure exists, as seen in the 1-day OBV, it is not strong enough to guarantee a sustained rally to the range high, meaning XRP’s next big move might still be pending.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.