- XRP whale transactions fell 57.3% in nine days, dropping from 157 deals to 67 today.
- Open Interest climbed near $433.8M as traders rebuilt futures exposure around support.
- NVT rose 26.81% to 218.12, showing valuation growth still outpaces network usage.
XRP market signals have narrowed into a tighter range after a sharp decline in whale activity, rising futures interest, and an overheated network valuation reading.
Market analyst Ali Charts said large transactions worth more than $1 million dropped from 157 to 67 over nine days. That marked a 57.3% decline in major whale activity on the network.
XRP Whales Go Quiet As Volatility Coil Tightens
The decline came as Ali described the market as entering a compression phase. According to his post, thinner large-scale transaction volume showed whales had stepped back while the current price range settled.
He said this type of slowdown can reduce immediate volatility and allow order books to mature. The comment followed his earlier May 18 update on the asset’s three-day Bollinger Bands.
In that post, Ali said the token was showing its tightest Bollinger Band squeeze in more than a year. He framed the current range between $1.50 and $1.29 as a no-trade zone until confirmation appears.
The analyst said a clean three-day candle close above $1.50 would confirm upside expansion toward $1.80. However, a close below $1.29 would invalidate the immediate bullish structure and shift attention toward $1.
Open Interest Builds While NVT Flashes A Heat Warning
On the other hand, CryptoQuant data shared by PelinayPA showed a different pressure point developing in derivatives markets. The analysis said Open Interest had climbed sharply, suggesting renewed aggressive position accumulation in futures.
The chart showed Binance XRP-USDT Open Interest near $433.8 million, while market capitalization stood around $137.12 billion. The NVT Ratio was shown at 218.12 after a 26.81% rise.
The analyst said rising Open Interest alongside price support usually creates a stronger environment for bullish momentum. However, the same analysis flagged NVT as the main risk.
A high NVT Ratio means market value is growing faster than on-chain transaction activity. In simple terms, the network’s valuation is rising without matching growth in actual usage.
That makes rallies less stable, according to the analysis. It also means a price move supported mainly by futures positioning may face sharper swings.
Market Cap Calm Keeps XRP Bears From Taking Control
Market capitalization remained relatively stable, with no major collapse shown in the chart. CryptoQuant’s analyst PelinayPA said this suggested large investors were not aggressively distributing or exiting positions.
Overall, the combined setup leaves the short-term structure slightly bullish, according to the analysis. Rising Open Interest is attempting to push the XRP price higher, while overheated NVT keeps the move unstable.
For now, the XRP market remains centered on confirmation. Ali’s range places $1.50 as the key upside trigger and $1.29 as the downside level traders are watching most closely.
Related: XRP Price Prediction: Whale Transactions Dry Up 57% in Nine Days
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