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1 billion XRP supply wall limits price recovery, with network activity fading and overvaluation signals rising.

Technical Signals
24 Mar 2026
BeInCrypto
View Source
Bearish
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XRP is trading around $1.40, facing resistance from a large supply cluster of 1 billion XRP between $1.57 and $1.59, which is capping its recovery from February losses. The Network Value to Transactions (NVT) ratio has surged to 202, a level historically linked to price pullbacks, indicating the token may be overvalued relative to its network activity. On-chain transaction volume has dropped sharply to 70 million XRP, signaling reduced market participation despite the price holding steady. For XRP to recover further and challenge the February high near $1.67, it needs higher transaction volumes to absorb the overhead supply; otherwise, the price may stall or drop to support levels around $1.33 or $1.25.

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