XRP News Today: XRP hits third bullish MVRV signal as price climbs to $3.32 ahead of potential $24 surge

XRP is showing signs of renewed momentum, driven by key technical and market developments that could lead to a significant price surge. According to analyst Ali Martinez, the cryptocurrency’s Market Value to Realized Value (MVRV) ratio has generated a bullish signal for the third time since November 2024, marking a potential catalyst for further gains [4]. This indicator, which compares an asset’s market value to its average historical cost basis, has previously coincided with strong price movements in XRP.

The first instance occurred in early November 2024, following the U.S. presidential election, and led to a 630% increase in XRP’s price as it broke through key resistance levels. A second bullish signal appeared in early July 2025 after months of sideways trading, resulting in a 54% gain before reaching $3.66. The most recent golden cross emerged earlier this month, during XRP’s recovery from a dip below $3 [4]. At the time of writing, XRP is trading at $3.32, and if it follows the pattern seen in November 2024, it could potentially reach as high as $24, a target previously cited by trader Davinci Jeremie [4].

A more moderate but still substantial increase would see XRP rise by 54%, aligning with the July 2025 pattern and pushing the price to approximately $5. This aligns with the view of YouTuber DustyBC, who argues that any price below $5 represents undervaluation for XRP [4]. A third scenario, based on the average of the two previous rallies, suggests a 342% gain, which would place XRP at around $14.40 if similar conditions persist.

In addition to these technical indicators, XRP broke out of a long-term triangle formation on August 7, a move that some analysts see as a sign of a potential rise toward $3.34 [2]. This development coincided with renewed legal developments in the Ripple-SEC case, which has historically introduced high volatility to the asset [5]. Analysts also estimate an 80% probability that XRP could receive U.S. ETF approval before 2026, a potential catalyst for demand-driven price surges similar to those seen with Bitcoin [1].

Despite these positives, XRP has faced some headwinds, with its price currently trading within a downward channel and daily active addresses declining to 30,000 from 2025 levels [6]. Large holders have also been accumulating, indicating a potential shift in market dynamics.

Analysts such as Dark Defender have noted that XRP is beginning to decouple from broader market trends, with the XRP/BTC pair breaking out of a multi-year downtrend. Fibonacci extension levels suggest potential price targets at 161.8%, 261.8%, and 361.8% [7]. This shift in sentiment suggests XRP may be entering a new phase of market leadership.

However, some analysts have warned that the current bull cycle may be nearing its end, with a final phase of aggressive price moves possibly on the horizon [8]. While this introduces some caution, it also reflects the high volatility and speculative nature of the market.

XRP appears to be at a pivotal moment, with technical indicators, legal developments, and shifting market sentiment all pointing toward a potential breakout. The asset’s ability to sustain this upward trajectory will depend on regulatory clarity, institutional interest, and ongoing investor confidence.

Sources:

[1] The (https://www.fool.com/investing/2025/08/09/heres-what-it-would-take-to-make-1-million-with-xr/)

[2] TheStreet (https://www.thestreet.com/crypto/markets/crypto-analyst-nails-xrp-prediction-as-ripple-and-sec-case-ends)

[4] Times (https://timestabloid.com/xrp-set-to-explode-heres-why/)

[5] Medium (https://medium.com/@dominalt/3-massive-xrp-triggers-set-to-ignite-huge-ripple-gains-b49c5c4cd0b6)

[6] CoinCentral (https://coincentral.com/xrp-price-falters-near-highs-again-heres-how-xrp-2-0-remittix-is-capturing-the-spotlight/)

[7] CryptoDnes.bg (https://cryptodnes.bg/en/xrp-dominance-narrative-gains-momentum-as-analysts-see-bitcoin-ethereum-decoupling/)

[8] Binance (https://www.binance.com/en/square/post/28073390240937)