XRP News Today: XRP MVRV Golden Cross Suggests Potential 640% Price Surge

XRP has drawn heightened attention from analysts as on-chain data suggests the cryptocurrency could be on the cusp of a significant price surge. A key technical signal, the Market Value to Realized Value (MVRV) golden cross, has emerged, indicating a potential bullish phase. This rare pattern occurs when the short-term MVRV ratio moves above the 200-day moving average, a development that has historically preceded major rallies. According to on-chain analyst Ali Martinez, this event has occurred only twice in recent years, with XRP surging 630% and 54% in the aftermath [1].

The MVRV ratio is a valuation metric that compares the current market value of an asset to its "fair value," calculated based on historical acquisition prices. If XRP were to replicate its most significant historical rally—a 640% surge—it could rise from its current price of $3.30 to approximately $24.42. Such a move would push XRP’s market capitalization to $1.45 trillion, potentially elevating it to the second-largest cryptocurrency, assuming Ethereum remains relatively stable [1].

However, not all signals are positive. Data from The Enigma Trader reveals that XRP’s 90-day moving average whale flow has turned negative, signaling heavy outflows from large holders. This pattern is reminiscent of a similar scenario in early 2024, when whale selling coincided with a local price peak followed by a correction. Although the current downturn is shorter and less severe, the correlation between whale selling and price weakness remains significant. Without a sustained return of positive whale flows—typically above 5 million XRP per day—the market could remain under structural selling pressure [1].

These developments come at a critical time for XRP, as the U.S. Securities and Exchange Commission (SEC) officially closed its case against Ripple regarding unregistered securities sales. On August 7, Ripple and the SEC agreed to drop appeals of a prior court ruling that had prohibited XRP sales to institutional investors. While the resolution has been broadly viewed as a positive development for XRP, the long-term impact on its price remains uncertain [1].

As of the latest market data, XRP was trading at $3.32, representing a 0.65% increase in the past 24 hours and an 11% rise over the past week. To maintain its upward momentum, XRP must hold above the $3.30 level. If it manages to do so and the broader market remains bullish, the token has a strong chance of reaching $3.50 [1].

Source:

[1] Finbold – XRP price prediction: This indicator hints at 640% rally

https://finbold.com/xrp-price-prediction-this-indicator-hints-at-640-rally/