XRP News Today: XRP Triggers MVRV Golden Cross Signal Amid Legal Clarity and 25% Rally

XRP has triggered a rare bullish on-chain signal known as the MVRV "golden cross," an event historically linked to major price surges. This development has rekindled optimism among investors, particularly after two previous occurrences of the same signal led to 630% and 54% price increases, respectively. The MVRV ratio, which measures average holder profitability, recently moved above its 200-day moving average, indicating improved sentiment and potential bullish momentum [1].

The current price of XRP is above $3, marking a significant milestone as the asset remains above this level with a weekly gain of 11%. If the pattern from the 54% rally is repeated, XRP could climb to approximately $5.10. A more aggressive scenario, mirroring the 630% surge observed in the past, could see XRP reaching around $24 [1]. This potential rise would elevate XRP’s market cap to over $1.44 trillion, surpassing the valuations of major corporations such as Tesla and Berkshire Hathaway [1].

The signal has added to the positive momentum in XRP’s price action. The asset has broken out of a falling wedge and crossed above the $3 level, reinforcing the bullish case. Additionally, a recent 25% rally in a short period has drawn attention from market participants, suggesting growing confidence in XRP’s trajectory [3]. The broader market environment also appears favorable. Tether’s recent issuance of $2 billion in new USDT within a single hour, and a total supply increase of $7 billion since July 1, is viewed as a positive backdrop for altcoins, including XRP [2].

The conclusion of the Ripple-SEC lawsuit has further boosted sentiment. Ripple and the SEC have agreed to dismiss all appeals, effectively ending a nearly five-year legal battle. This resolution has removed a key overhang for XRP, strengthening its long-term outlook and increasing the possibility of a new all-time high [1]. Analysts like EGRAG have previously forecast XRP reaching between $10 and $27 in this cycle, aligning with the potential for a 630% surge [1].

While the MVRV golden cross and recent price action suggest a potentially bullish outlook, investors are advised to remain cautious. The crypto market remains volatile, and while on-chain indicators can offer insights, they do not guarantee future price movements. Continued regulatory clarity, macroeconomic trends, and the performance of Bitcoin will remain critical factors in assessing XRP’s future trajectory [1].

Source:

[1] https://coinedition.com/xrp-price-prediction-mvrv-golden-cross-rally/

[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/