Is XRP in a "super value zone" after the big dump? The NVT indicator suggests that a potential rebound opportunity has arrived.

The price of Ripple (XRP) has recently experienced a sharp decline, sliding down from a high of $2.70, raising concerns in the market. However, technical indicators suggest that this big dump may have created an excellent get on board opportunity for long-term investors, though caution is still advised in the short term. On September 24, XRP slightly rebounded, reported at $2.84.

####XRP technical indicator suggests potential bottom formation

(Source: Glassnode)

XRP has recently shown weak performance, suffering a heavy blow in the overall cryptocurrency market pullback, with the price once falling to 2.70 dollars. Although the short-term outlook is unclear, key technical indicators are signaling a possible bottom.

The NVT (Network Value to Transactions Ratio) indicator is currently at a 5-month low, and this data is significant for investors. The decline in the NVT indicator suggests that trading activity on the XRP network is increasing relative to its market capitalization, which is usually a signal of undervaluation.

####NVT indicator interpretation: Key evidence of the accumulation phase

· The NVT indicator is at a 5-month low, indicating that trading activity is strengthening relative to market capitalization.

· Historical data shows that a decline in NVT often indicates a phase where large investors are quietly accumulating.

· A lower NVT ratio usually indicates an increased possibility of price reversal.

Historically, a significant decrease in the NVT value of XRP usually precedes an upward price trend. This occurs because increased trading activity often reflects market participants' behavior of accumulating at lower price levels, laying the foundation for a subsequent price rebound.

####Short-term Holder Sentiment Analysis: Is the Surrender Zone Approaching?

(Source: Glassnode)

The net unrealized profit and loss of short-term holders (STH NUPL) is another indicator worth paying attention to. Currently, XRP's STH NUPL is approaching the surrender zone, but has not fully entered it yet.

· STH NUPL is close to the surrender zone but has not yet reached historical bottom levels.

· The profitability of investors has declined, but it has not yet reached the level that triggers large-scale buying.

Historical data shows that a strong rebound usually occurs after fully entering the surrender zone.

This indicator suggests that XRP may need to fall further to trigger a true market capitulation, thereby creating conditions for a stronger rebound. Investors should closely monitor changes in this indicator, especially when it enters the deep capitulation zone.

####XRP Price Trend Analysis: Key Support and Resistance Levels

(Source: Trading View)

As of September 24, the price of XRP hovers around $2.84, slightly recovering from a 24-hour low of $2.70. Technical analysis indicates that the market still needs to be treated with caution in the short term.

Key price level:

· Current support level: $2.75 (key defense line)

· Minor support level: $2.70 (recent low)

· Primary resistance level: $2.85 (needs to regain stability)

· Secondary resistance level: $2.94 (short-term target)

If XRP cannot hold the support level of $2.85, the price may further drop to $2.75, which could become a real reversal foundation. However, if overall market sentiment improves, XRP is expected to regain stability at $2.85 and challenge $2.94.

####Investment Strategy Suggestion: Be Patient and Wait for Clearer Signals

For traders interested in investing in XRP, the current market environment requires a more cautious strategy:

· Short-term traders should wait for the price to stabilize above the key support level.

· Long-term investors may consider building positions in batches, rather than making a large one-time purchase.

· Closely monitor the further changes in the NVT and STH NUPL indicators.

Although the technical indicators suggest that XRP may be close to the bottom area, market sentiment remains fragile. Investors should fully assess the risks and develop clear entry and exit strategies before making decisions.