XRP forms stable support at $1.37 amid signs of gradual recovery

XRP has formed a stable support zone around $1.37, according to an analysis of on-chain data by The Crypto Basic. The outlet noted that the NVT (Network Value to Transactions) ratio, an indicator used to assess overbought and oversold conditions, currently stands at approximately 170 for XRP. This level is in a neutral-to-low range compared to its 2025 peak, suggesting the asset is exiting oversold territory and beginning a gradual recovery. The report also highlighted rising on-chain demand, with XRP spot ETFs seeing approximately $1 billion in inflows as of April, indicating expanded institutional trading activity.