XRP Near $1.40; $1.70 Target in Sight as NVT Hits 1,076

XRP was trading near $1.40 in late April 2026 as traders focused on a potential rally toward $1.70 in May. On-chain metrics recorded a Network Value to Transactions (NVT) ratio of 1,076 on April 29, the highest reading since October 2025.

The NVT ratio compares market value to on-chain transaction volume. A higher reading indicates that price gains have outpaced transaction activity. Similar spikes in the metric have previously occurred alongside brief price pullbacks when transaction volume did not rise with price.

Exchange inflows and large transfers above $100,000 have remained steady since February 2026, with no recent spikes in whale activity. Daily transaction counts have not shown a sustained increase that would reduce the elevated NVT reading.

On the weekly chart, XRP is near the 0.786 Fibonacci retracement at $1.17 after a prior decline. Price has traded in a narrow range between $1.30 and $1.45 since February 2026. Weekly trading volume has contracted while the Relative Strength Index has climbed slowly but stays below a descending trendline from December 2025. The weekly MACD has produced three consecutive green bars and is curving toward a bullish cross.

A weekly close above $1.50 is cited by traders as the level that would open the 0.618 Fibonacci retracement at $1.70 as the next technical target.

The daily chart shows a cup-and-handle pattern with a measured target near $1.70, above the 0.382 Fibonacci retracement at $1.61. XRP is trading inside the handle around $1.40, with support at $1.30 and resistance at $1.50. Daily MACD and RSI readings sit near neutral while trading volume continues to fade.

Traders say a clean daily close above $1.50 would imply roughly 16% upside toward $1.70. A break below $1.30 would invalidate the pattern and shift focus back to $1.17 as the next support.

Upcoming events and flows noted by market participants include a U.S. Securities and Exchange Commission roundtable on the CLARITY Act scheduled for May 3 and $75 million of exchange-traded product inflows into XRP-related products in April. Observers are watching NVT, transaction volume, price closes at $1.50 and $1.30, the regulatory roundtable and ETF flows for indications of near-term direction.