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XRP Ultra-Rare Bull Signal Emerges; $5 Next?
An ultra-rare bullish signal has just flashed for XRP, sending shockwaves throughout the crypto market. According to a prominent cryptocurrency analyst, Ali, the MVRV ratio (Market Value to Realized Value) has triggered a golden cross, a signal that previously preceded a massive surge for the token.
” The last time the MVRV ratio flashed a golden cross, XRP soared 630%. That signal just appeared again,” Ali wrote on Twitter.
This rare setup is sparking speculation that XRP could be on the verge of a major breakout. If history repeats itself, a 630% surge from XRP’s current prices would imply a lofty target of about $20. However, some analysts are predicting an even more significant move, suggesting a potential price increase to as high as $5.
The analyst’s tweet sparked a frenzy in the crypto community, with many enthusiasts and traders rushing to adjust their positions accordingly. As the XRP price continues to trend upwards, reaching a six-month high of $3.28, market participants are left wondering if this signal is just a temporary flash in the pan or a sign that we’re on the cusp of a major bull run.
The recent rally can be attributed to strong institutional interest in the ProShares XRP Futures ETF, which is set to launch on July 18. The event has sparked a surge in the token’s price, with volume-sustained surge through $3.00 marking a departure from recent sideways action, with whales and treasury desks reentering near breakout zones.
As XRP continues its upward trajectory, investors are left wondering whether this signal is just a temporary flash in the pan or a sign that we’re on the cusp of a major bull run.
Source: u.today
