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XRP Ultra-Rare Bull Signal Emerges; $5 Next?
An ultra-rare bullish signal has just emerged for Ripple’s XRP token, leaving many analysts stunned. The Market Value to Realized Value (MVRV) ratio has triggered a golden cross, an unprecedented phenomenon that has only occurred once before in the history of cryptocurrency. According to a prominent cryptocurrency analyst, Ali, this signal has previously preceded massive surges in XRP prices.
As reported by U.Today, “The last time the MVRV ratio flashed a golden cross, $XRP soared 630%. That signal just appeared again,” Ali tweeted on Twitter.
This rare setup has sparked widespread speculation that XRP could be on the cusp of a significant breakout. If history repeats itself, a 630% surge from XRP’s current prices would imply a lofty target of approximately $20. However, this prediction is not as absurd as it seems. Some experts are now predicting an even more dramatic rally, with some targets reaching as high as $5.
XRP has recently experienced a sharp surge, rising by 10.03% in the last 24 hours to $3.28, extending its rally from a low of $2.87 on Wednesday. This rapid increase has been fueled by institutional interest in the ProShares XRP Futures ETF, which is set to launch on July 18.
A significant departure from recent sideways price action, volume-sustained surge through $3.00 suggests that whales and treasury desks are reentering near breakout zones.
Source: u.today
