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XRP price enters a “quiet accumulation phase”: $1.37 floo
A recent report by crypto analytics firm CryptoQuant indicates that a “quiet accumulation” phase in $XRP is ongoing, with a solid foundation forming at current price levels.
The company’s blockchain-based analysis suggests that approximately $1.37 represents a healthy base price for $XRP.
The report places special focus on the NVT ratio (Network Value Per Transaction). This metric, often considered a crypto equivalent of the P/E ratio, measures market capitalization relative to transaction volume on the network. A high NVT suggests potential overvaluation, while a low NVT indicates that network usage supports the price and reflects a more justified valuation.
According to CryptoQuant, after an extreme spike in NVT during 2025, the market experienced noticeable “cooling” at the beginning of 2026. The current NVT level, around 170.2, indicates a more stable range compared to previous peaks. This suggests that $XRP’s price is now supported by actual trading activity rather than speculative movements.
Another important signal observed in April 2026 charts is the convergence between price and NVT. According to the analysis, such convergence and movement within a narrowing range are typically seen as precursors to major price movements. Although $XRP is currently trading sideways, the fact that network usage supports these levels indicates strong underlying fundamentals.
On the other hand, the report shows that technical data aligns with current market trends. The accumulation of approximately $1 billion in spot XRP ETFs by mid-April provides higher-quality trading volume within the network. This prevents the NVT ratio from entering overvaluation territory despite rising prices.
On the supply side, a notable decrease is observed. Exchange reserves of $XRP declined from about 3 billion XRP in the last quarter of 2025 to 2.75 billion XRP, indicating that investors are withdrawing assets from exchanges and opting for long-term holding. This is considered an important signal of reduced selling pressure in the market.
In conclusion, CryptoQuant states that the current price range of $XRP is supported by strong network activity, indicating a healthy consolidation process rather than a speculative bubble. According to the analysis, the $1.30–$1.40 range stands out as a “fundamentally justified” valuation zone given current network usage.
See also: "Bitcoin today: holds above $74K on hopes of US-Iran talks"
