XRP Experiences Rare MVRV Crossover, Possibly Setting Stage for Price Spike to $5
In the dynamic world of cryptocurrencies, XRP, the third-largest digital asset by market capitalization, has recently flashed an ultra-rare golden cross on the Market Value to Realized Value (MVRV) ratio, signalling a potential bullish trend.
As of writing, XRP is trading at $3.32, a slight dip of 0.28% in the last 24 hours but a robust 12% increase over the weekly period. This price movement comes after a sharp surge in Thursday's session, following the end of the appeals in the XRP lawsuit between the Securities and Exchange Commission and Ripple Labs.
The golden cross on the MVRV ratio is a significant bullish signal. In the past, such occurrences have been followed by major upside moves for the XRP price. If history repeats itself, XRP could mirror past performance and rally up to 600%, or at the very least, it could rally less than 100%.
Crypto analyst Ali Martinez highlighted the significance of this bullish signal, stating that the last two times the MVRV ratio flashed a golden cross, XRP soared 630% and 54%. This surge is expected to continue, with market experts predicting a bullish outlook for XRP, with price targets commonly ranging between $6 to $8 by August 2025.
This optimistic prediction aligns with broader market enthusiasm, bolstered by improved legal clarity in Ripple's SEC case and growing institutional adoption of XRP for cross-border payments. In fact, XRP surged impressively in July, rising about 65% between July 6 and 18, breaking the $3 resistance and reaching a yearly high near $3.66.
Mr. Xoom, XPMarket’s Head of Marketing, anticipates XRP could double from current levels ($3) to $6, setting a new all-time high, and potentially rise further to $8 in August, implying a 166% increase from present prices. While some conservative models predict more moderate short-term prices near $3.12-$3.50 in August, several technical analyses and expert opinions support a strong upward trend fueled by the golden cross on the MVRV ratio and other bullish indicators.
It's worth noting that the 50 day SMA for XRP is at $2.76. Additionally, according to Glassnode, XRP's current positive funding rate indicates heavy long positioning. This suggests that investors are optimistic about XRP's price movement in the coming days.
However, bulls may face a strong defense at $3.66, a level that has acted as resistance in the past. If selling pressure returns, the XRP price may seek to flip $3 into support. If the bid at $3 fails, the $2.96 support would come into view.
If the positive momentum continues, bulls may attempt to push the XRP price to $3.66. If this level is breached, the path to $6 or even $8 becomes more plausible. Conversely, if selling pressure returns, the XRP price may seek to flip $3 into support.
In summary, the golden cross on XRP’s MVRV ratio signals solid bullish momentum, with leading predictions pointing to XRP reaching between $6 and $8 by August 2025, representing a major breakout beyond previous resistance levels. As always, investors are advised to conduct their own research and consider their risk tolerance before making investment decisions.
[1] Source: CoinMarketCap [2] Source: Cointelegraph [3] Source: Forbes [4] Source: NewsBTC
- The bullish trend of XRP could potentially be supported by the golden cross on the MVRV ratio, which, in the past, has been followed by significant upside moves for the XRP price.
- Crypto analyst Ali Martinez suggested that the last two times the MVRV ratio flashed a golden cross, XRP soared 630% and 54%.
- Market experts are predicting a bullish outlook for XRP, with price targets commonly ranging between $6 to $8 by August 2025.
- Mr. Xoom, XPMarket’s Head of Marketing, anticipates XRP could double from its current price ($3) to $6, setting a new all-time high, and potentially rise further to $8 in August.
