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XRP Price May Have Ended Its Bottom Search: CryptoQuant

Highlights:

  • XRP price holds near $1.33 as exchange supply declines across May.
  • NVT drops 23.73%, while AO shows neutral momentum near the zero line.
  • YoungHoon Kim predicts XRP to reach $5 to $10 during this market cycle. 

XRP has entered a calmer phase after months of sharp market swings. The altcoin now trades near $1.33, where recent data shows tighter movement and weaker downside pressure, according to crypto analyst PelinayPA, citing CryptoQuant data. Meanwhile, exchange and valuation indicators point to a market trying to build a stronger base.

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XRP Price Holds Near a Key Market Balance Area

The current chart shows XRP moving inside a narrow range instead of extending earlier volatility. Therefore, traders appear to have found short-term balance around the $1.33 zone. At the same time, the Binance exchange supply ratio has dropped through May. It climbed during March and April, when selling pressure looked stronger. However, the latest decline shows fewer coins sitting on exchanges.

This change often signals that holders prefer private wallets over quick selling. As a result, immediate supply available for market exits has fallen. That shift can support a stronger base when price action turns quiet.

Lower NVT Ratio Adds Support to Bottoming View

The NVT Ratio has also moved lower, falling 23.73% to 151.53. Moreover, the drop shows stronger network transfer activity compared with market value. A lower NVT reading can suggest healthier network use during consolidation. Therefore, XRP price shows less overextended valuation risk than during stronger rallies.

Momentum, however, still shows limited strength. The Awesome Oscillator remains slightly below zero, with small bars near the baseline. Hence, buyers and sellers currently lack clear control.

XRP Current Market Structure: CryptoQuant

However, the weak momentum reading matches the broader consolidation setup. It shows that the market has not yet confirmed a strong breakout. However, softer exchange supply and a falling NVT keep the recovery case alive.

World’s Highest IQ Holder Says XRP May Hit $5-$10 This Cycle

YoungHoon Kim, known for holding the world’s highest IQ record, has issued a fresh XRP price call. According to Kim’s analysis, XRP could reach between $5 and $10 during the current market cycle.

The statement followed an earlier post in which Kim said XRP price looked ready for a major move. As a result, his latest target gives traders a clearer range to watch as market discussion increases. A move to $5 would require roughly a 2.7 times gain from current levels. Meanwhile, a rally toward $10 would require about a 6.5-fold advance.

At the time of this writing, XRP was trading at around $1.33, up more than 2% over the last 24 hours. XRP’s price has been under pressure recently, dropping from highs of $1.55 to $1.20 amid the broader market downturn. Its market cap and trading volume stand at $83 billion and $2.45 billion, respectively.

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