XRP Flashes Rare Bullish MVRV Signal Seen Before 630% and 54% Rallies

XRP MVRV ratio has triggered a rare “golden cross” signal, previously followed by 630% and 54% price rallies. With XRP currently trading above $3, a repeat of past patterns could push its price as high as $24. The recent resolution of the Ripple-SEC lawsuit adds further bullish momentum to XRP’s long-term outlook. As sentiment improves in the XRP ecosystem, XRP price rose above $3 and has since held. Now, a key on-chain indicator has started flashing a signal that, in the past, has preceded massive, triple-digit XRP price rallies. In a tweet , analyst Ali Martinez highlighted a bullish signal in XRP’s Market Value to Realized Value (MVRV) ratio. According to Martinez, the last two times this indicator flashed a “golden cross”—when the MVRV ratio moves above its 200-day moving average—XRP surged by 630% and 54%, respectively. The MVRV ratio is a metric that gauges average holder profitability. It is often used to identify overbought or oversold conditions. A cross above the long-term moving average can mean renewed bullish momentum and improving market sentiment. Past Patterns Suggest Possible Upside In the first instance highlighted by… The post XRP Flashes Rare Bullish MVRV Signal Seen Before 630% and 54% Rallies appeared first on Coin Edition .