Why is Ripple (XRP) not going up?

Ripple’s Network Value to Transaction Volume (NVT) ratio has increased dramatically, which is usually a sign of overvaluation and emotional trading overtaking real activity. These conditions have been the background for short-term reforms in the past. On the other hand, selling pressure by long-term holders has increased.

Currely, the main support of XRP is at the level of $2.35, and if it is lost, there is a possibility that the price will fall to the range of $2.27 or even $2.13. On the corary, a strong crossing of the $2.54 resistance could pave the way for the price to return to the $2.64 level.