XRP has experienced a significant increase in price, climbing by 35% in the past week. However, on-chain data suggests that the token may be overvalued. The market value to realized value (MVRV) ratio for XRP is currently at 409.47%, indicating that its market value is significantly higher than its realized value. This could lead to increased selling pressure and potentially a drop in price. The negative Balance of Power (BoP) also confirms that selling pressure is outweighing buying pressure. If selling activity continues, XRP's price could decrease further towards support at $2.45. However, a shift towards accumulation could invalidate this bearish projection and result in a rally towards its all-time high.



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