XRP News Today: XRP MVRV Golden Cross Triggers 25% Rally and $3 Breakout

XRP has once again displayed the MVRV Golden Cross, a rare and historically bullish on-chain signal that has previously indicated substantial price surges. This event has reignited optimism among investors, particularly after the signal appeared on July 29 and followed a similar trend seen in November 2024, when XRP rose from $0.50 to $3.39 over a few months [4]. The MVRV ratio, which compares the market value of XRP to its realized value, indicates that a large number of holders are currently in profit. A Golden Cross occurs when the short-term MVRV trend line crosses above the long-term average, a sign that bullish momentum may be building [1].

Historical instances of the MVRV Golden Cross have been associated with significant price rallies. In one case, XRP surged by 630%, while another Golden Cross led to a 54% increase. These patterns, while not guarantees of future performance, have positioned the signal as a compelling indicator for traders and investors to monitor [1]. Analysts have suggested that the reappearance of this event could lead to a similar outcome, potentially pushing XRP toward $22 by the end of the year, especially if favorable regulatory developments continue [5].

The recent price action in XRP has also shown strength. The asset has broken out of a falling wedge and has crossed above the $3 level, reinforcing the positive technical outlook [3]. A 25% rally in a short period has caught the attention of market participants and has been interpreted as a sign of growing confidence in the asset’s potential [6]. Additionally, the broader market environment appears supportive, with Tether having issued $2 billion in new USDT within a single hour in early July, adding to the $7 billion in total supply generated since July 1. This liquidity injection is seen as a positive backdrop for altcoins, including XRP [2].

While these developments suggest a potentially bullish outlook, investors are advised to remain cautious. The crypto market remains volatile, and while the MVRV Golden Cross and other technical indicators can offer valuable insights, they should not be considered definitive predictors of future price movement. Monitoring regulatory updates, macroeconomic conditions, and Bitcoin’s performance will remain key for assessing XRP’s trajectory [1].

Source:

[1] https://www.ainvest.com/news/blue-gold-15min-chart-shows-macd-death-cross-bearish-marubozu-signals-2508/

[2] https://www.benzinga.com/trading-ideas/movers/25/07/46518216/trump-media-stock-rises-as-bitcoin-purchases-cross-2-billion

[3] https://en.coinotag.com/xrp-reclaims-3-after-falling-wedge-breakout-eyes-potential-move-toward-4-80-target/

[4] https://timestabloid.com/xrp-flashes-golden-cross-analyst-states-what-to-come-next/

[5] https://economictimes.indiatimes.com/topic/xrp

[6] https://cryptopotato.com/ripples-xrp-silences-doubters-with-explosive-25-rally-in-days/