🔵After losing nearly 23% over the past month, XRP is showing signs of stabilization. On-chain data indicates investor capitulation — the NUPL (Net Unrealized Profit/Loss) metric has dropped to –0.20, a level that has historically preceded major rebounds. The simultaneous decline in both short- and long-term NUPL suggests that a local bottom may be forming.
🔵Technical indicators reinforce this scenario. The RSI is showing a hidden bullish divergence, while a series of “death crosses” may actually signal the end of the correction rather than further decline. A decisive move above $2.44 would serve as the first confirmation of renewed buying strength and the beginning of a recovery trend.