XRP Price Prediction: Key on-chain signals flash green, NUPL and SOPR indicators suggest a bullish breakout is imminent

Ripple (XRP) has recently stabilized above the $3.00 mark and maintained the support of the 50-period EMA. On-chain data shows that the Spent Output Profit Ratio (SOPR) and Net Unrealized Profit and Loss (NUPL) are both releasing bullish signals, indicating that investor sentiment is gradually turning positive, and a technical breakout of 12% may occur in the short term.

SOPR above 1: Investors are profitable but not selling

(Source: Glassnode)

According to Glassnode data, the SOPR of XRP is currently 1.09, indicating that most of the spent tokens circulating in the market are in a profitable state.

Typically, an SOPR above 1 would trigger profit-taking, but currently, investors are choosing to hold, indicating their confidence in the market and expecting prices to continue the rebound.

This phenomenon corresponds with the recent rise in the weighted financing interest rates for futures - this value has increased from 0.0018% to 0.0090%, indicating a strengthening of bullish positions.

NUPL close to 0.50: local bottom may have formed

(Source: Glassnode)

NUPL is currently at 0.54, approaching the critical level of 0.50. Historical data shows that when NUPL is close to 0.5, it often indicates that the market is nearing a cyclical bottom, which may be followed by a new round of pump.

For long-term investors, this is a typical "add position signal," as it reflects the value rebalancing stage of the market after experiencing a pullback.

Technical Analysis: 50-period EMA provides strong support

(Source: Trading View)

On the 4-hour chart, the XRP price remains stable around $3.00, gaining support from the 50-period EMA ($2.95).

Short-term resistance level: $3.35 (tested on August 15)

Potential breakout magnitude: If the MACD blue line crosses above the red line, the price is expected to rise by about 12%, challenging the 3.35 USD resistance.

Key support below: If it breaks below $2.95, the next support level is the 100-period EMA ($2.76)

Currently, the RSI is hovering around 48, indicating that the market is still in a wait-and-see mode, awaiting a breakout to trigger a directional choice.

Comprehensive Judgment: Short-term view at 3.35 USD, medium-term may retest 3.66 USD

Combining SOPR, NUPL, and technical analysis, XRP is expected to challenge the multi-year high of 3.66 USD again if it can break through 3.35 USD in the short term.

As long as the macro structure remains intact, on-chain data shows that the bulls are still in control, and market sentiment is brewing a bullish trend.

Conclusion

XRP's current on-chain and technical indicators are sending positive signals: SOPR above 1 indicates that investors are taking profits but choosing to hold, and NUPL nearing 0.50 suggests a local bottom has formed. If the bulls can push the price above the 3.35 USD resistance, a 12% pump may occur in the short term, and in the medium term, it is expected to challenge the 3.66 USD high again. For more real-time market data and in-depth analysis, please follow the official Gate platform.